Saturday, January 2, 2010

The Worldwide Recession

Japan has its problems, too, as if its infamous dead decades  lost decade — the result of government policy error, Krugman says, too tentative — weren't wasn't enough.
The rent is surprisingly high for such a small space: 59,000 yen a month, or about $640, for an upper bunk. But with no upfront deposit or extra utility charges, and basic amenities like fresh linens and free use of a communal bath and sauna, the cost is far less than renting an apartment in Tokyo, Mr. Nakanishi says.

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