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To: spiny norman who wrote (4905)2/23/1998 4:19:00 PM
From: John Cuthbertson  Read Replies (1) | Respond to of 10921
 
"You would constantly see Japanese debt offerings with coupon rates of 1/2-2%, at a time when a US company would be paying 7-10% for their capital. Now the current corporate cost of capital is a little more even."

Spiny,
Although US interest rates are now a little lower than they were around 1991, aren't Japanese rates in fact still now at rock bottom, even significantly lower than they were back then?

Cheers,
Dinsdale P.