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To: Z Analyzer who wrote (200)11/17/1998 5:39:00 PM
From: tom pope  Respond to of 1989
 
Subject to correction by those more knowledgeable than I about credit policy in Japan, I think the problem is that they are "printing" money like crazy - the credit spiggots are wide open, but there is simply no demand for credit. In other words, they are pushing on a string, and no amount of credit creation can create inflation in those circumstances.