16 March 2013

Aristotle and regime change

not sure what the one has to do with the other.

story here:

In the late 1990s, in the thick of the Asian financial crisis, a top Japanese Finance Ministry official turned to his protégé and found him engrossed not in policy documents, but in a chunky volume of the works of Aristotle.

That bookish aide, Haruhiko Kuroda, was approved on Friday to become the next Bank of Japan governor, one of the most thankless jobs in a country plagued for decades with economic problems. He will need more than Aristotelian logic to turn years of the central bank’s policies on their head.

Mr. Kuroda, 68, is tasked with bringing about a regime change at the bank, something he himself, a critic of the bank, has previously called for.

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