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structural pessimism

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  • Néojaponisme: 'This Time article places part of the blame on the Japanese people’s "structural pessimism" — a catchy phrase from Shirakawa Hiromichi, chief economist at Credit Suisse Japan. As the term suggests, the Japanese suffer from a general lack of confidence about the Japanese economy and the nation’s future, and as a result, are weary of big spending...

    'It’s easy to blame this mass psychological disposition towards pessimism on some innate and unbending cultural characteristic. All those enka songs are in minor keys, right? And Kabuki is not one for happy endings. Must be something in the water. And listen to the phrase “structural pessimism�?: that doesn’t sound like it’s going away anytime soon. Japan would be much better off suffering from something like “faddish pessimism.'

    December 16, 2008