Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (2455)	3/1/1998 12:11:00 PM
From: Michael	Read Replies (2) \| Respond to of 9980

I am trying to understand how an economy can stay bogged down as Japan's has for nearly ten years without there ever being any dramatic measures taken. In the United States we would have had all kinds of plans and programs--for example, what ever happened to our savings and loan mess? Our Latin America loan problems? I don't quite know where they went myself but they seem to be gone Interesting observation, though again it highlights major differences between Japan and US in the 30's. The major problems of the great depression were unemployment which at its peak was I believe 25% and tight credit. Today in Japan the unemployment rate is only 3.5%, a full percentage point below the US and of course money is almost "free" Speculating now, maybe the high savings and investment rates in Japan made preservation of financial assets a political must. Makes it interesting to conjecture what the US might do in similar circumstances given the large percentage on "savings" now held in financial assets.