greg

Any dear readers who noted by November advice that the new Abe regime would see a boost for the economy could have done well on the stock and forex markets since. Ignore the pessimists who say he has done nothing to improve fundamentals - structural reform, debt reduction etc. Those fundamentals improve automatically as the economy improves, The need was to get things started. Cause and effect.
  • greg
    Any dear readers who noted by November advice that the new Abe regime would see a boost for the economy could have done well on the stock and forex markets since. Ignore the pessimists who say he has done nothing to improve fundamentals - structural reform, debt reduction etc. Those fundamentals improve automatically as the economy improves, The need was to get things started. Cause and effect.
    February 2013
  • greg
    If Abe gets to be next prime minister (which seems likely) finally we may get some movement on the economy. He is getting on the anti-BOJ bandwagon - a good sign - promising that he will force them to purchase the large amounts of kensetsu kokusai (construction bonds) he will issue for badly needed public works. Noda has responded with a fatuous claim BOJ independence has to protected. But asking BOJ to purchase still leaves the debt problem. I have reason to believe Abe is close to the small group I am involved with which urges the government to issue its own money and forget the BOJ.
    November 2012

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greg
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November 2012
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