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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (2071)	11/13/1998 8:59:00 PM
From: theodore	Respond to of 15132

Justa:"while they (Japan) are hanging from a cliff by their finger tips." I read where the ruling party (LDP)has proposed to give 20,000 Yen consumer coupons to all Japanese citizens >65 old and families with children <16 to stimulate consumption and revive the economy.It now appears that the cost of executing the program will obviate that result by increasing the deficit and that the beneficiaries of the program will probably spend the coupons on necessities vice luxuries;i.e., It costs the government money to print counterfeit-proof coupons, it costs local authorities manpower to administer the system and it costs retailers time and labor to process purchases made with coupons.

To: Justa Werkenstiff who wrote (2071)	11/17/1998 11:07:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Justa, Re: Japan - Moody's downgrade; usatoday.com Here's some of the Japanese response: >.. Japan's Finance Minister Kiichi Miyazawa said, "Japanese government bonds are the most credit-worthy bonds in the world." < Is that why they buy so many U.S. treasuries? What a joke. Unfortunately, for those affected, Japan's inaction/incompetence is not a laughing matter. There inaction/slow action is killing them. There sales/consumption tax is hurting their ability to increase domestic consumption & they still have not reduced it. Apparently they still focus on their increasing debt & are therefore afraid to cut taxes. Meanwhile Japan's economy continues to sink. Some of their response to the downgrade is to criticize Moody's...