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

To: Robert Douglas who wrote (6969)	10/6/1998 10:37:00 AM
From: Henry Volquardsen	Read Replies (3) \| Respond to of 9980

Actually Robert those gift certificates may turn out to be a pretty clever idea, emphasis on may. A lot of people have pushed for a tax cut in Japan. One of the counter arguments has been that in the current environment the Japanese would not spend the cut but just add to savings. The theory behind these 'gift certificates' is that they will have an expiration date and therefore force people to actually spend the money instead of saving it. The risk of course is that they will just use the certificates for spending they would have done anyway and just use the cash they would spent to boost savings. But the theory behind the certificates is a tax cut that they are forced to spend. Henry