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Politics : Idea Of The Day

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To: Lee who wrote (20246)9/9/1998 6:29:00 PM
From: James Strauss  Read Replies (2) of 50167
 
Lee:

I think a tax cut would have been the better idea for Japan... At 1/4% interest rate, who is going to leave their money in the bank?

Japan has a two pronged problem falling consumer spending and capital formation deterioration because of the low interest rates...

Jim
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