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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (85398)2/8/2001 5:23:54 PM
From: Knighty Tin  Read Replies (4) of 86076
 
hb, You nailed it. Toyotas, Hondas, and Nissans are still the best cars in the world and Japanese consumer electronics, ex computers, a pretty big ex, rule. But even in computers, Toshiba is still a major player in portables, and several other cos. are also in the game. Fujitsu had been gaining market share everywhere until recently.

Japan's greatest weakness is definitely its banks.

But Japan's greatest strength, often considered a weakness in the USA, is its savings rate. That savings rate allows Japan to invest in productive capital spending like no other country in the world. Which makes me think that even with lousy banks, they will emerge from this mess. Of course, we had a similar situation in the US in the 30s and it took us 15 years and a World War to shrug off the doldrums. Seems like Japan has been sucking wind almost that long right now, but it has only been about 5 or 6 years of "malaise."
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