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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: Ramsey Su who wrote (808)3/27/1998 3:06:00 PM
From: Machaon  Read Replies (1) of 3902
 
<< Good or bad, Japan will make their decision independently and I am willing to bet that Japan will survive >>

You mean that the bureaucracy will survive. I'm not so sure about the working family, in Japan, surviving.

Excerpt from U.S. News and World Report (Mar 30, 1998):

<====================================================================
"Genuine reform in Japan would mean a full overhaul of its tax system and a reorientation of the economy toward domestic demand rather then exports. But Japan's leaders are resistant to (and perhaps even incapable of) altering a system that has made them so rich."
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I guess Japan's way is better. At least the politicians, and their friends, eat well.

It sure must be exciting watching the American people, and most of the rest of the world, accumulate wealth, on economies and stock markets, that are going in the opposite direction from Japan's.

Regards, Bob
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