1. Measurement: Yr doin' it wrong: In an interesting new NBER working paper (ungated version here) Broda & Weinstein argue that Japan is systematically undermeasuring its deflation rate and thus also its rate of consumption growth.
2. Those who don't like history can always try to re-write it: The Japanese government thinks textbooks are too hard on Japan vis a vis World War II. Specifically the Government is ordering textbook producers to eliminate, among other things, the accounts of forced civilian suicides that the books currently contain.
3. Brother can you spare a riceball? If you are a hobo thinking of relocating internationally, I'd think twice about choosing Japan.
4. Japanese love Hummers!! um, to be more specific, they love the original H1 Hummer from General Motors.