This sense of security allowed them to gain confidence

The Japanese news is currently dominated by two major topics: football and the regulation of the financial sector. In both cases, the results are little evidence, leading to debates agitated among the Japanese population.

The Japan national team conducted more than poor performance at the football World Cup. She was eliminated in the first round with two games ties and one defeat. If this is not a surprise to observers the better informed and more realistic, the Japanese were nevertheless shocked by such results and now seek to find a culprit. The controversy focuses on the choice of the methods of "coaching". The 2002 World Cup, the Japanese team was Redondo by French coach renowned for his severity, which was led by good results. Players then had clear guidance on things to do and not do, when and why. This sense of security allowed them to gain confidence. It is at least the official version.

This time, the Brazilian coach was in favour of a more flexible approach, promoting individual responsibility. Result: confusion, nervousness and irresponsible behaviour. The question is therefore whether what approach to adopt for the 2010 World Cup. It seems that the Japan team has already recruited a new native coach of Bosnia and Herzegovina, which could provide a balance between extreme authoritarianism and total neglect. The suite to the next episode.

Taunts the Japan Football go hand in hand with the difficulties encountered in the regulation of the financial sector. Until the 1980s, the system was based on total leadership and control. Subsequently and until the end of the 1990s, hesitation and procrastination have given way to an abundance of discourse on the full liberalisation of the sector, without concrete results. Indeed, the Japan was too busy to fight deflation, while addressing bad debt gangrenaient the banking sector. When the plagues that had marked the 1990s have disappeared, the regulatory authorities have adopted omniscience measures that have transformed the world of finance in a real "jungle", free of any rule. It is at this time that appeared for singular individuals, such as Takafumi Horie, budding computer engineering became magician of the finance, or Yoshiaki Murakami, activist for the rights shareholders transformed into stock market predator. It is also at this time that are born the rumours according to which these new entrepreneurs acting in fact on behalf of mysterious foreign investors.

Of judicial investigations have been implemented to put an end to the actions of the quenching of Horie and Murakami investors. The latter two have been expelled from the financial groundwork for illegal gambling. A new law comes into force to impose much more stringent rules on fund managers, while improving the measures to detect insider trading, market, accounting fraud and other reprehensible practices manipulation. It seems therefore that the loop is complete and that the Japanese financial system back to its starting point, with a virtually non-existent liberalization.

The irony is that the Governor of the Central Bank itself is now accused of irregular practices. Toshihiko Fukui, Governor of the Bank of the Japan, have indeed invested 10 million yen (slightly less than 70,000 euros) of his personal funds in the investment of Yoshiaki Murakami Fund. Insofar as he was still Governor of the Bank of Japan at the time, it may not technically be accused of an unlawful act. Nevertheless, many yellow cards are directed to him for not caving participation before entering service. He has also received several red cards, on the part of the opposition mainly but also a unhappy population who wondered about the fact that the Governor of the Central Bank be allowed to make capital gains of several tens of millions of Yen while he refuses to pay the bank accounts of the humble citizens.

Mr. Fukui is not particularly verbose in football, to which he prefers baseball, as he admitted on several occasions. It is also fervent support of Hanshin Tigers, the popular team in Osaka. Here again, the irony of fate is that the owner of this team Hanshin Railway Company, just arrange a marriage of convenience with its competitor ever to protect themselves against a hostile bid launched by none other that... Yoshiaki Murakami. In the light of these events, public opinion became less and less favourable to the adoption of a Brazilian approach in the financial field. The balance between authoritarianism and liberalism seems more and more difficult to achieve. Cup of the world of the authorities of the financial markets, the performance of the Japanese team would be as disastrous as those recorded on the football field.