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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (2604)	4/5/1998 1:17:00 PM
From: Bosco	Respond to of 37387

Dear Crossy - while I don't know enough about the Japanese system, I agree wholeheartedly the inflexibility of her govt starting from the collapse in the late 80s to even now has cost Japan plenty. Historically, after the war, her citizens were ask to sacrifice for the common good. It has worked. Well, culturally, it is always a leviathan state anyway. However, the country has failed to recognize the evolving zeistgeist. What once was a vanguard movement to lift the setting sun from the ashes has become a rearguard action in defense for its stale traditions, like its incestious corporate relationships and its powerful rice lobbies. So, I agree totally a relief of tax burden, especially to the people with a sense of permanence [nothing is permanent, of course <vbg>] is a good boost of consumer confidence. However, I also think some sort of a programmatic investment, a la Keynes, with an open market approach, is a good supplement to install faith in the people. I think it is easier for Japan, than say the US, simply b/c the continuous surplus of that nation. More important, however, is to restore the confidence of small investors. Instead of letting one's saving sitting in the bank earning 1% interest, it can be put into good use; but this is not done b/c the psychological scar of the 89 real estate bubble cut right too deep. Here, we need to understand it is important for the japanese to get some leadership from her leaders. A strong leader is important, especially within her cultural context. I think Japan is at the point of a watershed now. It has to change for its own good; otherwise, China can seize this opportunity to assert itself on the worldstage and supplant Japan as the leader of SE Asia financial communities. On a separate note, thanks for checking out CRUS for me. I am holding it for now. I think the semi is still under a lot of pressure until some leaderships emerge. rgds Bosco