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December 10, 2008

Three solutions to the financial crisis: the love of Christ, the body of Eri-chan or the small-cap tracker fund of Nomura Securities.

So with the usual anaemic apologies for absence of service, Urban Dirt returns with the curious parable of the terrible Sunday hangover, the morning missionary visits of the three great "isms", and the Holy Trinity of  "magic" cures forTokyo_062 the global financial crisis: god, sex and cash.

Picture the scene. To crown a week in which dozens of Tokyo chums were made redundant (and dozens more have a similar threat hanging over their heads like the winnet of Damocles) the survivors naturally found themselves in Roppongi toasting the safe homeward journey of a dejected pal from RBS. Things dragged on a bit with a liquidity now sadly absent from credit markets: the last remaining bull in town (works for Instinet) was buying drinks all round for the crowd at Geronimos; the beer was flowing freely on the shooting range at Point Blank; the trans-sexuals of Motown House were being plied with gin by the out-of-town Lotharios who still don't know an Adam's apple when they see one one.

The party finished, as usual, at around 5am with everyone well deserving of a gentle snooze. Impossible. Nobody, be they religious hawkers, flesh-club shills or side-parted stockbrokers, was prepared to allow that luxury.

Continue reading "Three solutions to the financial crisis: the love of Christ, the body of Eri-chan or the small-cap tracker fund of Nomura Securities." »

Posted by Leo Lewis on December 10, 2008 at 05:46 AM | Permalink | Comments (2) | TrackBack (0)

Leo Lewis



  • Leo Lewis is The Times' Asia Business correspondent, relishing the smell of the world's most exciting markets. He has been living in Tokyo since 2003, but dipping in and out of Japan since the very last glory years of the bubble. He plays golf on courses built when Japan Inc. was about to take over the world, but wonders why it's the now the Chinese getting the best tee-off times and Wall Street that owns the clubhouse.

    His 25-year love affair with video games, manga and anime finally culminated in something useful in 2006 - Japanamerica, a book co-written with Tokyo University's Prof Roland Kelts describing the worldwide explosion of Japanese pop-culture.

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