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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (3474)	3/15/2001 2:07:53 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Japan had a zero interest rate policy in place and it did not work. They need to clean out the bad debt in the banking system and reduce cross holdings in corporate Japan. I think they are going to get serious about this after all this time. Japan has the oldest demographic profile of any major country and that increases private savings rates and reduces capitalistic risk taking. At least since Japan owes the debt to itself, foreigners can not topple their debt system as happened elsewhere in Asia.