# Area of Effect

- Author: Joichi Ito
- Date: 2006-01-24T11:32:36Z


The Live Door thing is dragging the whole Tokyo Stock Exchange down, but there is particularly high impact on IT companies. I'm sitting in a cab right now talking to the cab driver and he's now convinced that all Internet and IT companies are run by scoundrels. "I knew all of this new economy stuff was bullshit," he says. It will be interesting to see what the long term repercussions will be on our industry. On the other hand, we recovered from the Hikari Tsushin collapse so I'm sure we'll recover from this.





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Japanese Culture