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2009 Japanese IPOs December 4, 2009

Posted by fukumimi in Economy & Business, IPO, Japan.
2 comments

So, a grand total of 19 IPOs for the whole of calendar year 2009.

Down from 49 last year (and the market thought that was bad…)

Looking on the bright side, I don’t think it is physically possible to go even lower next year. Yay!

On the other hand, a V shaped recovery back to the heady bubble days isn’t going to happen. So tough times ahead for people trying to make a living on supporting the IPO and venture markets…

As for concrete numbers, we are hearing estimates from 30~60 new IPOs next year. Some people are eternal optimists it seems….

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CRU, “Climategate” and reporting in the Japanese media December 3, 2009

Posted by fukumimi in Communications, Economy & Business, Energy, Environment, Japan, Media.
16 comments

Or the absence thereof.

It’s come to a point where the situation is beyond absurd. The story has been reported in all the respectable (and not so respectable) English media outlets I keep up with (NYT, WSJ, Washington Post, Times (UK), Guardian, Telegraph, the Indy, special mention of that esteemed outlet the Washington Times whose reporting hardly contained its glee), to a point where it is silly to accuse “the media” of greenwashing.

On the other hand, there seems to be a coordinated effort to keep this out of the Japanese mainstream press. Do a Google News search for say, “climate change” + “data” (気候変動 データ)  or “(global) warming” + “data” (温暖化 データ) or “CRU” (University of East Anglia’s Climate Research Unit, for those of you who have been living under a rock (or in Japan) for the last week or so), and you get (if you are lucky) a grand total of three relevant Japanese language hits. A Bloomberg article, a Slashdot.jp piece and a Wired Vision piece buried in Nikkei’s PC Online publication’s security section. The Bloomberg and Slashdot pieces are dated Dec 2nd. The Wired Vision/PC Online piece is dated Nov 30 (but I suspect the editors thought it was a piece on hacking and it slipped through the net).

None of the major papers, Nikkei, Yomiuri, Asahi, Sankei, Mainichi… None appear to have a related story on this piece of pretty important news in any form searchable on the internet. NONE. Same goes for the TV media. Nothing on NHK, or any of the commercial terrestrial channels.

If I were a betting man, I would have money on this being a Ministry of the Environment Press Club managed greenwash of the most outrageous proportions.

So much for the new administration being a change from the old regime. Either the Minister and Vice-Minister (hello Minister Sakihito Ozawa, Vice-Minister Issei Tajima) are totally clueless, or are, like so many of their predecessors from the now exiled LDP, in cahoots with the bureaucrats in keeping a lid on important news (until at least  Copenhagen COP15, or maybe even longer).

So yet again, we have the media and other forces (the govt and/or bureaucracy and most likely business interests – who seem to have developed a taste for various green subsidies which are quickly turning into the new pork barrel money drip) seemingly taking a united stance against informing the general public about an actual topic worthy of discussion. Not like some actress caught doing drugs. Or the world’s best golf player’s dubious tastes in women.

It is highly unlikely that this story will be kept under wraps for too long. The story is too big for someone not to break rank and do a “scoop”, a week or two (or more?) after the rest of the world. And then the floodgates will open.

But it has to be asked, what are the media getting in return? So much talk of how commercial media (and their ecosystem partners) are in so much financial pain. Maybe something to ease that pain is in the works? I have a strong suspicion that might just be what the doctor ordered.