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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (49888)	5/12/2004 7:25:33 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

A while back one of the directors of Sumitomo Bank, which has now merged with Mitsui Bank was returning to his apartment in Nagoya after a busy day. This bank was a behemoth even before the merger. A gunman from the yakuza was waiting for him and put a bullet into his brain. The murderer has never been found and the police usually refuse to investigate such things. The yakuza is treated politely by the police. It seems clear that Sumitomo Bank had the temerity of asking for payment of a loan so the gangsters thought they had better clarify matters first. Please note that the bad loans are enormous. They were sanctified by the gangsters' friends in the government. There is a triumvirate of shadowy people in the ruling party, gangsters and government officials. The banks must obey this triumvirate. The ruling party collects money not only from each company but also from each department of the government. As formerly in Mexico, the ruling party(Ji Min Too, I forget the English translation) rules forever. Are you seriously contemplating putting an important part of your money into a country ruled in that manner? "Bersohn must be exaggerating. Surely Toyota's wonderful cars and Canon's great cameras, calculators etc. are real. There are crooks everywhere. Yes, I'll ignore his cranky hints." My statements sound extraordinary but you must admit that a 13 year recession is also extraordinary. The truth is that the average Japanese person has tremendous work ethic and great manual dexterity. Toyota,Canon,Sony etc. reflect those good factors. One neglects the other side of Japan at one's peril.

To: Taikun who wrote (49888)	5/12/2004 8:30:59 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Taikun, I hold some Yen. I do not have a Yen loan. I paid that back Message 19285485 <<September 8th, 2003>> and replaced with a USD loan Message 19402732 <<October 15th, 2003>> I think Japan might have 'recovered' because of China and USA, and may soon tank, because of China and USA. I am committed to tag along with the same real estate partnership that netted me the HK Nathan Road shop positions, along with the lead guy's Japan contact, to take a portion of pool that will buy an already identified building in Tokyo. I remind myself that cash, while king, is dead trash in the longer term. Between Japanese buildings and Japanese shares, I favor an exposure to the buildings, on positive carry, floating on liquidity. I think Japan shares will tank will all other shares. I hold my Canadian energy royalties still. Chugs, Jay