Tuesday, November 15, 2022
HomeMacroeconomicsKyoto Report No 6 – Bill Mitchell – Modern Monetary Theory

Kyoto Report No 6 – Bill Mitchell – Modern Monetary Theory


This Tuesday report will provide some insights into life in Kyoto for a westerner in the age of Covid. Temples, visitors, grammar and more temples interrupted by a astronomic event. A week in Kyoto.

The last week has been work, work, work and not a lot else.

Lunar eclipse

However, there was a full lunar eclipse in the skies to the East of Kyoto above the mountain range that runs right down that flank of the city.

It was a beautifully clear night and so we were able to see the whole thing in the early evening.

It was very spectacular, especially once I learned that the total lunar eclipse was accompanied by a ‘lunar occultation of Uranus’ and the last time this was visible in Japan was 442 years ago (Source).

The people in 1580 certainly didn’t have iPhones to snap the event.

I did.

This is what I saw about 10 minutes before the full coverage.

Note: you can tell I am not a photographer. Point and press the iPhone is my approach.

There were several people out watching it in our neighbourhood in Kyoto and conversations were sparked by the occasion, which allowed me to practice my Japanese, such as it is.

It was a nice way to spend an hour after work.

Visitors from far off lands

In the same week, Warren Mosler and his partner were visiting us in Kyoto, the first time we had seen each other – besides Zoom calls – since the pandemic.

Normally (whatever that is these days) we managed to catch up at least once a year usually in Australia.

So for a few days last week my lunchtimes were taken up by a ride on my bike from my workplace to their hotel in Teramachi Dori (near the Imperial Gardens and Palace) where we had shared sandwiches on the outdoor roof terrace – a very Covid-safe environment.

We met with a few students (one from Tokyo and another local) to discuss MMT with them and generally had a nice time.

Then I pedalled back to work for the afternoon.

Here is our last lunch before they took off home to the US. Those beautiful hills to the East of Kyoto are my favourite place for riding bikes, walking, running and whatever else.

Warren seems to think he can turn up to work lunches in T-shirts! Americans!

This photo was taken minutes before we rang the US President instructing him to sack Jerome Powell for irresponsible management of the US Federal Reserve.

Only our call didn’t get through.

We wanted to though (-:

Here is the requisite selfie of our last meeting with the students.

Temples everywhere

There are over 2000 temples and shrines (Shinto and Buddhist) in Kyoto.

Some have beautiful gardens, such as the Enkō-ji Temple 圓光寺 in North-east Kyoto, which is my favourite.

At this time of year, the trees are a mass of different colours as Autumn progresses and each time you head out that way, the palette changes.

I hope to ride my bike out there again this coming weekend to see how the gardens have changed in hue.

Other temples and shrines have other characteristics – such as this one – Shokoku-ji complex – which is just north of the Imperial Palace and Gardens.

This complex “is the second of the Kyoto Gozan, the five leading Rinzai Zen temples in Kyoto during the medieval period.”

The temple “was built under the auspices of Shogun Ashikaga Yoshimitsu (1358-1408), with the Buddha Hall (Butsuden) completed in 1394”.

So pretty old.

It has been badly damaged at various periods by fire.

Here I am wondering whether I should abandon guitar and take up a musical career as a percussionist.

I was trying to work out the logistics of carting this bell to gigs!

Personal Pronouns in Japanese

Some interesting things to me about Japanese language usage.

I attended a very interesting seminar this week at Kyoto University which, among other things, discussed the role of language in reinforcing Japanese culture, in particular, its collectivism over individualism.

The – Japanese pronouns – are very different to the English personal pronouns.

In English there is ‘I’ and ‘You’ and they are considered invariant to context – that is, where you are, who you are talking to and other characteristics of the context.

In the Japanese language, your sense of ‘self’ is relative and situational and as a consequence they have different words for personal pronouns depending on the context.

It make it much harder to learn and avoid making faux pas when the hierarchy or degree of intimacy, which determines the relativity, is less than clear.

Thankfully, Japanese people are so stoked that foreigners like me take the time to try to learn their language that they are very forgiving and helpful.

Overtime, one starts to get a feel for the right personal pronoun to deploy in the various situations one encounters.

As I battle with that problem, my Kanji count slowly increases and I am learning more radicals at the moment.

The unfathomable on first blush, slowly starts to make sense.

Soon, though I have to go back to Australia until I return to Japan in 2023.

That is enough for today!

(c) Copyright 2022 William Mitchell. All Rights Reserved.

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