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Japan's Canary in the Coal Mine.(Brief Article)
It takes a clever man to get a laugh out of double-entry-accounting principles. Tokyo Gov. Shintaro Ishihara managed that feat last Friday when he announced that the city would soon abandon Japan's national single-entry standard when balancing its books. "I don't care what the [central] government does. We'll do it our way, and they probably won't like it," he said. Then he added with a chuckle: "But if I start something like this, I'll have to work for not one, but two more terms!"
Get it? Didn't think so. But the quip certainly tickled reporters at city hall, where the question on everyone's mind these days is whether Ishihara will stand for re-election next ...
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Source: HighBeam Research, Japan's Canary in the Coal Mine.(Brief Article)