Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Bank of Japan keeps interest rate near zero

Business Dec. 21, 2011 - 02:00PM JST ( 2 )

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1

tokyokawasakiDec. 21, 2011 - 02:54PM JST

I would have phrased that differently as follows:

It says economic growth has paused, mainly due to inefficient business practices which are rife throughout the country, combined with very poor corporate governance. The effects of a slowdown in overseas economies and of the appreciation of the yen have had a slight impact, however most of the problems are rooted at home, but nothing will change until we stop blaming overseas markets and take full responsibility to change the way we perform. It expects the economy to remain flat for the foreseeable future unless someone with some real skills and courage is elected to control the country, oust all the useless dinosaurs in the government and shake up the business world by introducing the concept of shareholder value and transparency. Until then we can all expect more misery and no growth (except for a rise the number of suicides due to the amount of stress living in Japan under an incompetent government...
-1

CrickyDec. 21, 2011 - 04:03PM JST

Maintain the bubble, no matter how small it is! It protects us?