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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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Posted: Mon Apr 26, 2010 8:50 am Post subject: |
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About ten posts down:
http://www.ft.com/cms/s/0/08a732de-e399-11de-9f4f-00144feab49a.html
Is this guy a closet bug? Nixon's assault on gold looms large in his thinking. There's alot of throwing up the hands here. Party on. And the Giant Vampire Squid makes an appearance.
Island Japan in decline proves that great exception to monetarism for reasons having largely to do with japan. See below for further comments regarding a committed post-war demographic having achieved all of its goals--primary amongst them maintaining its difference. Now they rest. Having determine to price themselves out of the world and maintain their "cultural purity" is not a surprise that it would take a long long time for the world to catch up to them. But it will.
As far as monetary policy, what do you give an old man who has everything? Answer: impressionist paintings, wine, space science, F1 racing.... M14?
Monetarism is taking a hit on a number of fronts now--having been sorta kinda discarded by Wall St. twenty-five years ago.
He implies that japan unhinged from the conventions of monetary policy could have done just fine. There I strongly disagree: japan was gonna get here by hook or by crook. _________________ Today is the Tomorrow you worried about Yesterday! |
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diesel Moderator


Joined: 05 Oct 2006 Posts: 703 Location: Australia & New Zealand
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Posted: Sun Apr 25, 2010 7:53 pm Post subject: |
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Good explanation why Japan doesn't have a debt problem. This is a worthwhile read! Be interested in any comment from you on this Henry or rffyrdr.
http://bilbo.economicoutlook.net/blog/?p=9183 _________________ “I was once Snow White, but I drifted” – Mae West |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 9723 Location: Houston, Texas & Los Angeles, California
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Posted: Sun Apr 25, 2010 12:06 pm Post subject: |
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IMF yet again on the Japanese debt problem, along with a bleak projection for the UK public deficit:
http://www.ft.com/cms/s/0/f60f5e92-4f01-11df-b8f4-00144feab49a.html
| Quote: | In a January 2010 IMF working paper, The Outlook for Financing Japan’s Public Debt, Kiichi Tokuoka presents several possible reasons for this stability: Japan’s sizeable pool of household savings, the presence of large and stable institutional investors, and a strong home bias in investment allocation – all of which are expected to persist for some time.
Mr Tokuoka, however, expects the bond market’s capacity to absorb debt to diminish in future. The household saving rate is already on an established downward trend as Japan’s elderly run down their savings once retired. As the population continues to age the household savings rate will continue to drop, potentially reducing inflows into the JGB market. Portfolio diversification by other Japanese investors, meanwhile, may exacerbate this trend – the Government Pension Investment Fund, for example, is now no longer obliged to buy JGBs.
Mr Tokuoka concludes that, “to maintain market stability, sound public debt management and fiscal consolidation will be critical”. But, thus far, the reaction of successive governments to this creeping potential debt disaster has been a familiar tale of policy paralysis. |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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Posted: Tue Apr 20, 2010 8:12 am Post subject: |
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BOJ Shirakawa said that the BOJ would take policies to guide inflation to a stable range in the medium and long term. Noted policy would remain very accommodative to fight deflation. _________________ Today is the Tomorrow you worried about Yesterday! |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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Posted: Tue Jan 26, 2010 9:19 am Post subject: |
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Credit rating on Japan.....  _________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 9723 Location: Houston, Texas & Los Angeles, California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 9723 Location: Houston, Texas & Los Angeles, California
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Ven Senior Poster

Joined: 30 Dec 2009 Posts: 88
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Posted: Sat Jan 09, 2010 11:01 pm Post subject: |
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"High sign of a culture in decline."
Good observation rff.
U.S. is experiencing the same thing. |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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Posted: Sat Jan 09, 2010 10:08 am Post subject: |
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Japanese romantic ballads interspersed amongst french same, with a heavy pop undertone--all streamed to your phone:
http://www.parischanson.jp/
High sign of a culture in decline--if only it weren't so damned captivating. That "Tour Eiffel" on the homepage is in Tokyo BTW. _________________ Today is the Tomorrow you worried about Yesterday! |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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Posted: Thu Dec 31, 2009 10:24 am Post subject: |
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Blue moon:
It was twenty years ago at the last tick of the last session that Japan put in its all-time high. The average annual total return on Japanese stocks since then has been -2.128% in USD terms and -4.326% in JPY terms. _________________ Today is the Tomorrow you worried about Yesterday! |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 13138 Location: Sunny California
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