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Strategies & Market Trends : Asia Forum
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To: Joseph Beltran who wrote (7145)10/16/1998 11:05:00 AM
From: Cynic 2005  Read Replies (1) of 9980
 
<<Lowering interest rates has not (apparently) helped Japan with its credit crunch. >>
I think it did, in a negative sense. They tried to make-up for the losses in Real Estate market. Gave lots of loans to already debt burdened corporations in SEA and Korea. The rest, as they say, is history. Now, the US lending institutions have an incentive to lend to another type of speculators, a.k.a highly responsible borrowers, instead of just hedge funds. -g- I am sure they will find some.
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