I find it hard to understand the logic of anti-tobashi reasoning set out in Richard’s posting below. The logic seems to say this:  when markets collapse it may be inevitable that some banks will be reluctant to extend loans to some distressed borrowers. But so be it.  Those who cannot

Recent NBR Contributions(Posted January 2014) While Masahiro Yamamoto (below) sets us right about the Japanese delay in publication of the Iris Chang book ‘The Rape of Nanking,’ I often wonder why there is so little mention in Japan about the 1942 Singapore massacre. In many ways it is far more

Gregory Clark NBR Discussions(Extracts from Nov 6, 2012) On the NBR Forum I suggested that Japan-supported US spy and other activities along the Chinese coastline had activated China’s military expansion, just as it had led to the Cold War in US-Soviet relations. In response, a fellow Forum member said this