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


To: Tom who wrote (437)11/18/1997 9:45:00 AM
From: chirodoc  Read Replies (1) | Respond to of 3902
 
<<<<<<What's wrong w/ this picture?

.....nothing--the mother of all dead cat bounces.

.......i have maintained this position for a long time and will not change it until i have seen some proof of a turnaround.

........in almost all situations like this where consumers are depressed--tax cuts get them spending.

........and when business is saddled with arcane, inefficient rules, deregulation is one of the few answers.

.......without these changes japan will slowly recover in fits and starts and not present a good investment picture until recovery is well under way.



To: Tom who wrote (437)11/18/1997 7:32:00 PM
From: TFF  Read Replies (1) | Respond to of 3902
 
One of these doesn't belong;)



To: Tom who wrote (437)11/18/1997 11:26:00 PM
From: synchro  Respond to of 3902
 
But will the Japanese market rally last?

I found it astounding that the Japanese gov't is throwing public money at the stock market. I have not seen gov't price manipulation at such a large scale before.

To paraphrase Winston Churchill, the Japanes will do the right thing after trying all the alternatives. And the right thing is good'ol fashioned Anglo Saxon capitalism: deregulation, lower taxes, allow major restructuring and layoffs, and open up local mkts to foreigners.

I do think that when the Japanese reach this consensus, the turnaround will be swift, efficient, and vicious (for the people that are layed off and business hacked to bankrupcy). It is the length of time for the Japanese to reach this consensus that is disheartening. So far they are getting close to a decade to make the inevitable decision.