> > [...................................] The second aspect is its effect > > on Japan itself. Since the end of World War II Japan has been a liberal > > democracy, a system imposed by the United States. If Japan goes into a > > depression, it will be a very different country than the prosperous and > > cocky Japan of the 1980s. With that difference will come wrenching > > political changes. We urge analysts to study the 1920s in order to get a > > sense of the possible evolution of Japan, should Ohga be correct. Amen. In 1960 a million snake-dancing students kept Ike at bay for 4 days, but what's the story today: Does Japan have a left, and is it ready to do something other than McNeil-Lehrer tripping on TV? valis