"Our village called us 'the savages.' We founded a club. ... A club whose aim was to get things out of men without ever giving them anything"
I confess I'm not a big fan of movies that have as their story line a young woman who uses sex with a series of men to rise above her humble upbringing, ala Barbara Stanwyck in Baby Face(1933). They feel in some way as misogynistic as they are empowering. I'm even less a fan of movies that relegate Jeanne Moreau to such an undeveloped role, although she does get one nice scene standing up for herself towards the end. Oh, Isabelle Huppert is fine here, flirting and beguiling men to get what she wants out of them and flashing her pert little body along the way, but the story was one-dimensional, outdated, and sloppy.
At one point we see Huppert's reflection in multiple mirrors and it brought to mind Marilyn Monroe in How to Marry a Millionaire (1953) and Brigitte Bardot in La Parisienne (1957) from decades earlier. Maybe that's because Joseph Losey originally conceived of this film in the 1960's with Bardot in the lead role. There is an attempt to update things via the acceptance of being bi or gay, and Moreau's character is allowed to say "Nowadays, heterosexuality and homosexuality mean nothing. You're either sexual or you're not," which is pretty remarkable for 1982, but it didn't really feel integrated into what was a meandering plot, and the gay husband never seemed like a real person to me.
The young woman's backstory on the trout farm, in particular seeing her father and his buddy molest girls, tries to explain how she became so manipulative, but it could have been so much better told. The dialogue in the film wasn't very satisfying either. When asked what her first impressions of Japan are, she says that there are lots of Japanese. She meets an older woman who encourages her to have sex without shame, saying she's had it 33,000 times in her life. It's not exactly deep, but maybe this banality was part of the point. How sex relates to power is of course the main thing - as a means of social advancement for the young woman, and as a way of dominating and seeking pleasure for the older men after her. Unfortunately, too often there are scenes that don't push a cohesive narrative or develop these characters, only serving to elongate the movie. It just never pulls itself together, which is a shame, given those who worked on it.