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Politics : Idea Of The Day
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To: SecularBull who wrote (37057)3/9/2001 8:41:33 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I think the P.M. made a very politically motivated statement, as far as a country like Japan runs huge surplusses in the current account, the finances are very manageble. Yen based domestic budgetary deficits are financed at a very low cost that is the flip sode of the present discusison, I would be more concerned if the surpluses start getting smaller and Japan would need to borrow FX to meet its current account deficit..that is a far cry, they make enough money but they have problem with spending them and sometime wasting money and taking risks rejuvenates economies, it is lack of risk taking and lack of consumer spending and too much of accumulated savings that is at the heart of the whole problem..may be some more visa cards, some bigger houses and some bigger cars with associated fun of investing in Yhoo and internets thatm ay bomb, that is the kick that Japan needs.. too much safe play is just foreplay neither here nor their.. have a good time..and take care ..sorry for taking up your precious time..
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