Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (105857)	6/1/2001 4:57:41 PM
From: pater tenebrarum	Read Replies (2) of 436258

well, in a way he's right,eventually the bad loans must be disposed of...the problem is only, if this is done radically all at once, Japan's financial system and economy will simply implode completely in a deflationary death spiral. admittedly i have no recipe for them either...the best advice would have been: 'never allow a bubble to form', BEFORE it formed. i don't think their problems can now be solved without a great deal of pain...and you won't find a politician prepared to preside over this administration of pain. i've often asked myself if their 'easy money policy' that Greenboink wishes so much to succeed isn't exactly the wrong thing to do, since it hasn't worked one bit so far, for over 11 years. perhaps it's time to try something new? for instance a two pronged monetary strategy, whereby medium to LT rates are allowed to rise, while the BoJ continues to monetize some of the outstanding govt. debt could conceivably work...Japan has lots of savings, maybe they can be mobilized by IMPROVING the return on them instead of the opposite? other deflationary supercycle bears in history have always been ultimately resolved by war unfortunately.

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