"'Exporting from Japan is nearly impossible as the more we sell the more we lose money,' Sharp President Mikio Katayama said yesterday in Tokyo."
Today's World News Desk has many alarming economic stories from Japan which, as we predicted, is coming absolutely unglued under the weight of the world's largest debt/GDP ratio and the economic devastation from Fukushima. What I saw last April continues to come true. I believe the mortal wound to Japan is going to be recognized fairly soon. Blessings to all Japanese who are working feverishly and with great devotion to prepare and especially to our own Rice Farmer. Throughout Japan intensified relocalization of food production has been going on almost since the day after the earthquake.
I wish we had more reporting on that. The Japanese people are showing great honor and undoubtedly have much to teach us about expanding human cooperation. -- MCR
Visit the World News Desk for related stories, more dots to connect, and our world-famous analysis and commentary.
