Shame on Japan

Clearly, Japan has lost it.

And this week, they announced it to the world.

Their 3rd prime minister in less than two years, Aso entered with a 75% approval rating, now, less than one year later, his popularity sits at a tiny 9.7% approval.

9?!

A single-digit approval rating.

The Japanese Finance Minister, allegedly "drunk" while speaking on camera at a G-8 meeting in Rome, resigns due to "health" reasons. The other G-8 countries are taking the global financial crisis seriously.

It was reported the day before this event that Japanese GDP fell 3.3% for the quarter. In three months. For a developed economy, a 3.3% decrease in GDP in one year is serious cause for concern. This is an annualized rate of 12.7%.

They have allowed themselves to become vulnerable due to a major drop in exports.

For years, the Japanese government has constipated and rudderless -- no vision, inept.

Japan's lost it.