Japanese debate how foreigners should refer to themA chrysanthemum by any other name would smell as sweet THE WORLD calls the leader of China Xi Jinping. His North Korean counterpart is known as Kim Jong Un. The man who led North Vietnam to independence is almost always dubbed Ho Chi Minh. In all three instances, the surname comes first, and then the given names, as is customary in China, Korea an
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Bitcoin and other cryptocurrencies are uselessFor blockchains, the jury is still out AN OLD saying holds that markets are ruled by either greed or fear. Greed once governed cryptocurrencies. The price of Bitcoin, the best-known, rose from about $900 in December 2016 to $19,000 a year later. Recently, fear has been in charge. Bitcoinâs price has fallen back to around $7,000; the prices of other cry
Japanâs sex industry is becoming less sexualAn ageing population and a protracted economic slump have changed the face of the business IN THE 17th century Yoshiwara, in north-eastern Tokyo (then known as Edo), was one of a number of red-light districts. Both female and male prostitutes walked the streets, offering a full range of services. Four hundred years later Yoshiwara remains a centre of the
Bitcoin is no longer the only game in crypto-currency townWhich could be the next digital coin to rule them all? IT STARTED as a joke. Dogecoin was launched in 2013 as a bitcoin parody, using as its mascot a Japanese shiba inu dog, a popular internet meme. The crypto-currency was never really used, except for tipping online, and one of its founders has called it quits. But recently its price has s
Bitcoin-futures contracts create as many risks as they mitigateAnd donât mention tulip-bulb futures! OFTEN promoted as a way of mitigating risk, futures contracts are frequently more like new ways of gambling. That was true of a close precursor to the instrument, introduced in the Netherlands in 1636, linked to the hot investment of the dayâtulip bulbs. Likewise the worldâs first two futures contr
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Toshiba admits to a ruinous overpayment for an American nuclear firmIts share price plunged by 40% in three days as investors worried about its financial viability THE probe in 2015 into one of Japanâs largest-ever accounting scandals, at Toshiba, an electronics and nuclear-power conglomerate that has been the epitome of the countryâs engineering prowess, concluded that number-fiddling at the firm
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OpinionLeadersLetters to the editorBy InvitationCurrent topicsUS elections 2024War in UkraineIsrael and HamasThe World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsUS elections 2024War in UkraineIsrael and HamasThe World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceWorldThe world t
The Trump eraHis victory threatens old certainties about America and its role in the world. What will take their place? THE fall of the Berlin Wall, on November 9th 1989, was when history was said to have ended. The fight between communism and capitalism was over. After a titanic ideological struggle encompassing the decades after the second world war, open markets and Western liberal democracy re
Not a molecule of senseA push to disabuse Germans of a homegrown form of quackery IT MAY not be as ancient as acupuncture, but homeopathy is the closest thing Germany has to a native alternative-medicine tradition. Practitioners line the high street. Upper-class Germans swear by it. Unusually, Germany gives homeopathy a privileged legal status. Whereas other medicines must meet scientific criteria
SEIKO, a 35-year-old journalist in Tokyo, is what the Japanese refer to as âNew Year Noodlesâ. The year ends on December 31st, and, by analogy, the period when a Japanese woman is deemed a desirable marriage prospect ends after 31. It could have been worse: the slang term used to be âChristmas cakeâ because a womanâs best-before date was considered to be 25.
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