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Strategies & Market Trends : Classic TA Workplace
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To: GraceZ who wrote (26105)12/21/2001 6:03:08 PM
From: pater tenebrarum  Read Replies (3) of 209892
 
you got it. the Japanese boom of the 80's was just as false as the US boom of the 90's (both were credit induced booms, not booms that were the result of true wealth creation. note for instance that every last cent that the Nasdaq listed companies have earned between '94 and spring of 2000 has been lost in the meantime), but at least Japan has savings and a current account surplus. and it isn't just exporting pictures of dead politicians. in spite of the bust, its manufacturing base hasn't been hollowed out, at least not yet. i expect however that China's accession to the WTO could turn out to become a big blow to Japanese domestic manufacturing.
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