John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Yorikke who wrote (3428)	3/9/2001 1:37:32 PM
From: John Pitera	Read Replies (1) of 33421

Mike, as many have pointed out, the Japanese culturally don't seem to want to admit the problems and instead want to "save face" I think that this mentality is starting to melt, as their economic seige goes on. I think the older age demographics are coming into play as well in Japan. There is more consumer restraint and less risk taking. They really have need to have a Resolution Trust Corporation type agency to go in and rationalize the debt and crossownership issues. Of course there are some individuals , corporate execs etc that are benefiting from this situation as they have been able to keep their jobs and lifestyles, they would have been replaced much sooner, had the problems been dealt with sooner.

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