Finance & economics | Economic nationalism in Japan

Yankee plotters

Conspiracy theories on the rise

|Tokyo

“MR FOREIGN PRESSURE”: that is what one Japanese television network called John Taylor, America's top international-finance man at the Treasury Department, when he visited Tokyo last month. These days, American support for Japan's latest attempt to clean up its banks raises more than a few hackles. What most infuriates locals is foreign support for the new financial-affairs minister, Heizo Takenaka, whose proposals, many fear, will lead to bankruptcies and job losses.

This article appeared in the Finance & economics section of the print edition under the headline “Yankee plotters”

By George!

From the November 9th 2002 edition

Discover stories from this section and more in the list of contents

Explore the edition

Discover more

illustration of a stern-faced man in a suit with a green tie, set against a bright green background. A small building with a flag is depicted in the pocket of his suit

The great-man theory of Wall Street

Why finance is still dominated by bold individuals

Hong Kong’s property slump may be terminal

Demographics and geopolitics will make a recovery harder


A float is inflated in preparation for the Macy's Thanksgiving Day Parade.

Why everyone wants to lend to weak companies

An unanticipated side-effect of Donald Trump’s election victory


American veterans now receive absurdly generous benefits

An enormous rise in disability payments may complicate debt-reduction efforts

Why Black Friday sales grow more annoying every year

Nobody is to blame. Everyone suffers

Trump wastes no time in reigniting trade wars

Canada and Mexico look likely to suffer