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To: Cynic 2005 who wrote (63102)9/20/1999 5:15:00 PM
From: pater tenebrarum  Respond to of 86076
 
Mohan, i wholeheartedly agree - the Japanese economy needs higher rates to heal. that is why the rise in JGB rates is to be welcomed. the BoJ should do it's best to keep the spread between short and long rates as large as possible, the banking system may well fix itself that way and that's the most important economic challenge Japan faces. those who believe a strengthening Yen and rising LT rates are bad for Japan have it wrong imo.


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