This excerpt appears in Ha-Joon Chang's book "Bad Samaritans" and it was written by an Australian consultant with regards to Japan in August 1915. Chang also mentions Sidney Gulick's 1903 book "Evolution of the Japanese" which also stereotypes the Japanese as "'easy-going' and 'emotional' people who possessed qualities like 'lightness of heart, freedom from all anxiety for the future, living chiefly for the present.'"
I don't have details on Brazil, but I am almost certain that this "Brazilian time" is just a symptom of some completely reversible, systemic problem that is making it difficult to do business with high-technologies in Brazil.