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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (3054)	5/15/2002 6:07:00 AM
From: Crossy	Respond to of 3902

Denis, thx alot for the great WSJ Article about Japan's clubby structure. Unbiased watchers might indeed conclude this lack of shareholder activism is an important mosaic in the parallelogram of forces constraining Japan's growth in the 90ies (another might be found in the unwillingness of the BOJ to accomodate monetary expansion - see Larry Kudlow's take on the lack of meaningful money supply growth in Japan during the 90ies)... However as your article suggests this might be changing now. And if those new powers succeed, the next step would be a drastic increase in corporate efficiency followed by a drastic uptake in growth oriented reorientation (that was the US trajectory from the 80ies)... thx again for this great piece of info CROSSY