SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Idea Of The Day
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James Strauss who wrote (19802)9/1/1998 9:34:00 PM
From: Andeveron  Read Replies (1) of 50167
 
>> There is talk that Japan might cut taxes <<

Tax cuts would be imprudent at this point. The Japanese government will likely use public money to help bail out their banking system. Tax cuts would only hinder the recovery when such revenue is sorely needed.

>> There is also talk of a possible FED rate cut. <<

The ramifications of a FED rate cut would essentially cause capital flight from the dollar to equities or out of the country. Doubt if Greenspan wants to fuel any more irrational exuberance and pump this tired bull up further.

>> Japan cuts taxes to stimulate its economy and we cut rates to lower the value of the dollar vs the Yen... <<

Japanese people are very conservative. In a downturn, they will preserve any wealth realized from tax cuts. I.e, they will not spend as freely as Americans would when the future is uncertain.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News