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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (90963)9/30/2007 7:04:57 PM
From: RockyBalboaRead Replies (1) of 306849
 
Thanks,

while I agree that it was likely less pleasant for japanese folks:
*zero savings interest rates (partly offset by profitable carry trades)
*persistent deflation (still a necessary process given the exorbitant price levels anno 1990)
*lacklustre stock markets, and ongoing yen devaluation
it was a great help for other nations. The excess liquidity unusable at home, was exported mainly to Europe where the Yen became a great borrowing currency, so the constant supply was useful for the world economy. It lowered the effective rates a company and then consumers faced when monetary conditions were otherwise tight.
To some part, Japan exported their previously created wealth...thus equalising previously distorted purchasing power relationships.
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