The prophets of doom (Japan division) are back in town predicting the worst for the country. The UK Guardian even is getting in on the act (July 25, 2026) – Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?. It is interesting now that the prophets have a new ‘case study’ to provide them with a reference point for their predictions of chaos. I wrote about that in this blog post – Rinse and repeat – Truss chaos – the new benchmark (March 28, 2024) – and gave some Japanese context sometime later in this post – Those who invoke the ‘Truss Moment’ should look at what is happening in Japan (February 12, 2026). Apparently, the plans by the Japanese government to revitalise public infrastructure and crowd in private investment will see the “International investors” will lead to a “Liz Truss-style economic shock”. I wonder every day what these journalists think of their lives when they reflect on what they write. It can’t be a very fulfilling life when it is based on beat-ups, conspiracy-style fictions, and the rest of it. One of the rules of composition that I was taught in university was that an argument had to be internally consistent. These types of articles cannot even get that rule right.