<< these cuts will be passed, just a matter of when. when these are passed, we will see the beginning of the japanese bull market. >>
This "tax cut" stalling by Japan's government is a real joke. You know, I know, they know, and everyone else knows, that they will be forced to reverse some of their economically harmful policies, and cut taxes.
They are sitting around a table trying to figure out how they can come out of this without looking too stupid and bungling. All one has to look at, is the effects of Japan's leadership, on the economy, over the last several years.
CNBC is saying that the government is now considering changing the law so that they can cut taxes. Duh!
Chiro, do you really think we will see a bull market, in Japan, within this decade? I've got a small position in Fidelity Small Company mutual fund. It is looking very sickly, and today at 4pm, it will get a headache also! I am considering dumping it. I am losing all confidence in their market. But. I keep telling myself, Japan cannot fail. If they fail, they will take a lot of others with them. This can't happen. So, I look at that with a tiny bit of confidence that things will turn around somehow.
<< i am thinking of wading a bit into nomura securities. >>
Not too bad an idea. US trading firms have already rallied quite a bit. With Japan opening the door to US companies, I wonder if the US brokers would be a good bet also? I think I will take some time and take a look.
Regards, Bob
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