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To: Perspective who wrote (16500)9/7/2000 9:31:47 AM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<Rates have been zero in Japan for years now, and it has still failed to stimulate demand because there simply aren't any willing, qualified borrowers.>

I've heard, without explanation, that this is not Japan and these types of things can't happen here.

DAK



To: Perspective who wrote (16500)9/7/2000 9:39:45 AM
From: Les H  Read Replies (3) | Respond to of 436258
 
They also have a much older population than the U.S. Zeroing out their interest rates also minimizes income to savers, such as the pensioners. Now, that they've announced the end of the government stimulus program, it can be expected that people will batten their hatches and cut back on consumption for the tough times expected next year. Most of the stimulus for this year has already impacted the economy in the spring.


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