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

To: chirodoc who wrote (811)	3/28/1998 12:06:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 3902

chirodoc, before this discussion gets too far out of hand, I would like to restate that I originally posted here not because I am an expert on Japan, in fact, just the reverse. I was hoping to learn from experts who may be posting or lurking here. So far, no offense intended, that has been a complete failure. Here are just some observations. There are opinions on Japan from individuals, such as this David De Rosa who authored the article you clipped. In my opinion, they are meatless ramblings. I have yet found a credible source as to WHY a tax cut is the right move. Much to my dismay, I couldn't even find any reference to the exact tax rate in Japan right now. If I remember correctly (again, I am no expert), the Japanese national and local tax burden for the average Japanese is less than 20%. If true, do you really think a tax cut is all that effective? I sincerely appreciate education from anyone who knows the current tax rates. Japan, amazingly, remains a very isolated society. As an example, we have citizens from all corners of the world posting here. How many SI members are Japanese? Granted that I did not really spend a lot of time searching but I have yet found any type of rebuttal from the Japanese point of view, as to what may or may not work for Japan. Just as a comparison, I had no problem finding articles on Indonesia, a fraction of the economic size of Japan. Aside from endless criticism about how the Japanes bureaucracy is ruining their economy, I have yet to read any credible explanation as to why. As far as corruption, didn't we have our fair share of Milkens and Boeskys? I think Mr. Copper just got a stiffer sentence than Milken and Boesky combined. Ever since the Menji (sp?) Restoration back in the mid to late 1800s, the foundation of modern Japan had been laid. Japan is going to do what is right for Japan. They appear to be dragging their feet in dealing with the problem but I have not heard why this may not be a good strategy. In fact, I can see the benefits of letting time cure all instead of rushing into unnecessary surgery. Finally, if you have not figure out by now, I have severely distrust of these so called international bodies who try to rule the world. Opinions from these groups and the underlying countries are seldom circulated through the brain. The naive attitude of "it worked for us so it must work for you" shows complete disrespect for other countries' sovereign rights, ignoring differences in culture and forms of government. Sorry to be rambling on. The developments in Japan is extremely important to the market which, being a true capitalist, is my main concern. Again, I am making an open request to any expert who can steer me down the right path. Ramsey