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Japan's economy and the oil companies


costard

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I saw this on the BBC site yesterday. Note the apology by the minister.

http://news.bbc.co.uk/2/hi/business/8361726.stm

So, why were the oil industry executives looking at the data ahead of the market? Why did the minister feel that it was important that his constituents know that this was the case? How did the oil companies manage to swing the authority over a sovereign government, that of the world's second largest economy?

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Um.........because they have the money to pay the politicians for it?

Sure, but this isn't the strange bit, the strange bit is that the pollie is prepared to say so out loud. And apologise? What sort of politician does that? (apologise for something real, that is: our own head sook is doing wonders for the "s" word). Things must be really grim in Japan.

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Maybe with the emperor apologizing (sort of) for the many atrocities committed by Japan during WW II, all the pols are now following his example and finding something to apologize for. They are after all, very polite people. They may use you for live (but not for long) bayonet practice, but they do say "please" and "thank you".

Michael

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