Eco-slowdown
A look at Japan’s economic slowdown and its impact on the society, plus Kabul Bank corruption, and Dubai’s debt crisis.
Hi folks,
You know, we do try not to make this show repetitive from week to week … but what can you do when global economies just keep showing signs of slowing down?
It is “the story of the moment” in economic terms … we explored it last week with the theory behind a double-dip recession … this week we are going to hone in on one economy in particular – Japan.
It is tough going there these days, and not just when you look at the numbers. See, there is a sad sub-story to Japan’s economic slowdown.
In such a proud country, those who fall from grace are often forced into poverty, which in turn can lead to suicide. Sure, it could happen anywhere in the world, but the element of shame in Japan can be high, leading some to take their own lives.
Also this week:
• Kabul Bank: Oh dear. Claims of corruption and nepotism … luxury villas in Dubai bought with the bank’s money … and a big run on the bank from customers, which is frankly quite understandable! Very pleased to say that AJE’s long-time Kabul correspondent James Bayswill join me in the studio to talk about all this.
• Dubai: With people unable to pay their debts, what might once have just been considered just a rouge bounced cheque is now a big deal. It can land you in jail in Dubai as Dan Nolanwill tell us. We will also discuss the wider issue of Middle East debt and doing business in the region.
Don’t forget to get in touch on twitter… if not, I’ll see you on the TV!
Counting the Cost can be seen each week at the following times GMT: Friday: 1430, 2030; Saturday: 0430, 1230, 1900; Sunday: 0130, 1630; Monday: 0830; Tuesday: 0600.