People of Japan, what are you waiting for?

Seeing pointless abuse, injustice and absurdity, do not rush to explain it with stupidity; first try to to explain it with vile shrewdness.

Japan is officially in recession after seeing its economy shrink for the second consecutive quarter. This comes as no surprise at all when you check what the economy is based on, how it develops and what the infamous Abe did to it. I, for one, am happy to see it work this way, seeing the Japanese economy react in obviously bad ways to the dirty manipulations of its government. It would have been much worse if the so-called “growth” continued yet for a longer while and then would come crashing hard. People suffer first, so this gentle decline is much better than a hard landing for the Japanese economy. But, again, what is happening?

Rupert Wingfield-Hayes, BBC’s guy in Tokyo reports:

In the spring of 2013, Prime Minister Shinzo Abe launched an ambitious growth strategy that rapidly became known as Abenomics. Its aim was to drag Japan’s economy out of 20 years of deflation and put it back on the road to growth. Billions of dollars were pumped into the economy through stimulus spending. The Bank of

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The Future of NFC Payments

Someone asked me to provide feedback on an article regarding The Future of NFC Payments (yes, capitalized, like in “Big Future”). I do not cherish the idea of giving up my contact details for a brochure download, so I did not read the actual paper. I cannot imagine why people would not want their ideas to be widespread. I think it is silly to force people to register when you want them to read your articles, for they will simply read it elsewhere.

Anyhow, back to the subject of mobile payments with NFC – that’s what the paper claims to be about. I do not really know what they said inside but seeing “NFC was hailed as one of the biggest trends for mobile operators for 2011” in the blurb is enough to get an idea of what might be on the inside.

Now, let’s be clear that mobile payments are a fighting ground for two large forces: the banking industry and the mobile service industry. Both of them deal with a lot of customers and a lot of cash. And none of them would willingly give up the payment transactions stream to another. One, the banking industry, owns the …
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