Gross National Cool

Both TIME Magazine, and Foreign Policy are talking about what they call Japan's "gross national cool". No indication of how both publications ended up using the same term, wonder what the story is. In anycase this is as good an indicator as I've seen that Japan's cultural capital has peaked, watch out for the backlash. No guarentee's though, history tells us its usually a bad idea to underestimate Japan.

[via jeansnow.net and Joi Ito's Web]