Chirac-san search plans

John Battelle points us towards news that the Japanese government is taking a leaf out of the Chirac playbook - rarely a good plan - and ponying up government funds to develop a Japanese search engine to fight back against the global domination of those nasty Google and Yahoo! people. Too late boys, too late.

It has been an unkind maxim among Hong Kong investors for years that, as they are usually so slow to arrive, Japanese funds coming into a strong market are a good sign that it has run it's course and it's time to sell. So, perhaps, the great search bull is about to be neutered. We shall see...