Economist Magazine Takes Japan To Task

[Mulboyne]

[Buraku]

Like I've said a few times I'm not sure if Japan ever really did recover from the bubble popping

They've made some good changes at Japan INC but most was too little, too late. They still have a great chance to deal with it and get things right again
Japan has a fantastic production record, some fantastic institutions and a highly educated workforce
but there are core issues to deal with
and they are very serious issues


Here's my pick of 4

- piss poor interest rates

- yen artificially pegged to the dollar (great idea when the world economy is genki but with the dollar gets a kicking from rising Tehran Oil Prices its not good)

- loss of production to Korea, China, East-Europe

- Trillions in Internal Debt
Now somebody somewhere has got to write this shit off, I don't care if its the BOJ man, Abe's mama whoever
but having this sum of money looming over the nation is worse than those concrete white-elephants that suck the economy dry

[Jack]

Like I've said a few times I'm not sure if Japan ever really did recover from the bubble popping

Here's my pick of 4

- piss poor interest rates

- yen artificially pegged to the dollar (great idea when the world economy is genki but with the dollar gets a kicking from rising Tehran Oil Prices its not good)

- loss of production to Korea, China, East-Europe

- Trillions in Internal Debt
Now somebody somewhere has got to write this shit off, I don't care if its the BOJ man, Abe's mama whoever
but having this sum of money looming over the nation is worse than those concrete white-elephants that suck the economy dry

Introduction of inflation is a good way to piss some of that debt off. Japan needs a 3% to 5% annual inflation rate. This way you stimulate the economy and shave the debt off gradually. The trillions borrowed today can be paid off with depreciated yen over time.