Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

APEC says global crisis can be overcome in 18 months

World Nov. 24, 2008 - 07:00AM JST ( 6 )

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6 Comments

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some14someNov. 24, 2008 - 07:47AM JST

Mess created over a period of 8 years can not be cleared in 18 months. Also, actual time should be calculated after deducting two months i.e. Obama will take charge from Jan. 2009 and Aso will also present supplementary budget in Jan. 2009, net 16 months...seems too short, but let's keep hope alive !
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apecNetworksNov. 24, 2008 - 10:03AM JST

I believe I can add to the 18 months comment. I was working for a solution to the Asian Financial Crisis in 1998, and saw how a devastating event can directly hit certain actors hard, while a neighbor was left relatively unscathed. One thing that I had to ascertain was the source of the problem and to shield APEC economies as best as I could from the source. Thus, in today's situation, it is critical to ascertain the source of the problem and to examine/assess the degree of exposure to the problem. If the correct defense is structured, the damage can be mitigated, but the degree of exposure can't be avoided.

Whatever timeframe is mentioned, it is dependent on the position of the player and if the proper defenses have been instituted.
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chonglaiNov. 24, 2008 - 01:09PM JST

I think we are dealing with 2 different types of crisis here. One is Financial Crisis and the other is Economic Crisis, and these two shouldn't be mixed up in terms of solutions proposal(s). I think there ought to be a collaboration of research writings by economic analyst and reporters to clarify to the laymen in terms of news reporting.
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apecNetworksNov. 24, 2008 - 05:56PM JST

Actually, Pres. Bush said something in the first term that I interpreted as possibly leading to a financial crisis. However, I thought another, more moderate crisis would result and not w/in this time period. It should be added that that was about the time former Fed Reserve Greenspan retired, and I felt it was a brilliant move. The situation is financial, but the scale has moved it into the viability of the economic system. I am in agreement w/ the moves Japan has taken recently to defend there situation, and I believe they are very aware of the true nature of the problem.
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WilliBNov. 24, 2008 - 08:55PM JST

APEC is just a clueless as everyone else.
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rajakumarNov. 26, 2008 - 06:46AM JST

APEC 21 nations make up 50 percent of global trade,they all must go Free trade with each other and help boost USA trade. The woe is fall in confidence and slowdown. The 21 nations must work on the confidence rebuilding in global finance and US finance. USA/Greenback money printing, has caught low confidence flu, so flu also spreads elsewhere.The cure is that USA flu spreaders must be controlled/healed by all possible ways, so as to heal global trade confidence and greenback printing ability.

This confidence cycle in global economy is normal,no system is full protection proof. All global nations economic systems was in trial and error efforts since 1940s. It is still is trial and error mode in 2000s.

There is need for unified actions by all 20 nations and USA to patch up their jobs creations by millions. The jobless cause a decrease in spending. Spending will increase with dynamic job creations via various new ideas in various new fields of economy. Various new free enterprises like GOOGLE and many others will have their beginings in google search engine libraries of no limits.

GOOGLE started in someone garage only with a few computers,but company went on make great improvements in field of global people communications via google search engine tech. This google libraries is still to hit a trillion in pages of info,which will happen in future.

Definitely GOOGLE's advert revenue has no limits given its global presence in global communications in all fields of business.

There needs to be more new daring people in all APEC nations to create all kinds of new dynamic future industries/enterprises which cater variously to various niche market customers/other customers. There still needs to be many constant improvements in all fields of business products/services and finance services.

If there is one dynamic new finance company, many are still wanting to improve their savings via their investments in dynamic magic new enterprises with sound investments building capacity in future.

When Ford motor started, ford first sold his cars to his workers. The Motor industry began in this way. Future dynamic new enterprises in all fields also need to begin via dynamic customer base increase ideas of business people.

Trillions of ideas to create new products/ideas never stop, you never know where the next new genius products/services/ideas will spring up in google.