JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: chirodoc who wrote (801)	3/27/1998 11:31:00 AM
From: Ramsey Su	Read Replies (3) of 3902

chirodoc, it is really very simple. Tax cuts, under some circumstances, create the type of economic stimulants desired. However, in the case of the current condition in Japan, I opine that it is an ill-conceived idea that the western world is trying to ram it down Japan's throat. As an example, lets say you are working at ABCD corporation. The company has been suffering for 7 years and layoffs, though publicly denied, has been rumored for months, if not years. Now the government decides to cut taxes. Are you going to say "great, I can now go out and buy that big screen 80" TV that I always wanted" or are you going to stash the cash for the upcoming rainy day? Cash in shoeboxes seldom contributes to economic recoveries. What Japan needs now are economic stimulants that will create jobs. If there are tax cuts, they should be in the form of incentives to job creating projects. Just my 2 cents. Ramsey

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