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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (5539)8/14/1998 11:15:00 AM
From: Joseph Beltran  Read Replies (1) of 9980
 
Zeev,

As far as I can tell, Japan is continuing with its old tricks: keep telling the market that you intend to do something about your problems and then do nothing. Their economic model has proven to be a gigantic failure. I imagine that-after 8 years of prodding- the u.s. is about ready to either give up on japan entirely (and focus on assisting China in becoming a consumer based world class economy) or consider using more forceful means to get them to act and reform. What continues to amaze me about Japan is that they obstinately refuse to see that opening up their markets to foreign goods will create many jobs, increase domestic demand, increase tax receipts, force their companies to become more competitive, and bolster their overall economy. Those are all positive things for Japan and for the world economy.

regards
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