To: Timesink
Japan has been practicing twelve years of demand management, with the ever increasing loads of government debt and economic underperformance that go along with it. In the United States, it's known as Bushonomics. And this quote from the article: "Without some decisive action, such as a cut in the consumption tax to rev up spending," it's apparent that the Japanese aren't about to change their losing economic ways, and neither will Bush.
8 posted on
09/02/2002 11:56:53 PM PDT by
Moonman62
To: Moonman62
I don't understand how you can blame Bush for 19 years of a flat japanese stock market or the 13 years of the nikkei bear market. At one time, the japanese real estate market was valued at a higher level than the US market. Besides, I think Clinton was in for most of the decline. It was a Clinton stock market bubble in the US along with Rubin and the plunge protection team that kept the US stock bubble moving along.
13 posted on
09/03/2002 6:56:10 AM PDT by
staytrue
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