Japan introduces measures to burst the yen bubble
Article Abstract:
The Japanese government has introduced several innovative steps that have successfully lowered the value of the Japanese yen and boosted the prices of Japanese stocks for the short-term. The steps included the elimination of restrictions on insurers' yen loans overseas, revisions in accounting rules that made European and US treasury bonds more attractive and increasing government loans to foreign currencies. However, many economists have noted that the measures taken by the Japanese government may only be good for the short-term and may further exacerbate the currency's problems in the long-run.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Experts offer a wide range of suggestions on how Japan can revive its economy
Article Abstract:
Economic experts have several practical suggestions to pull Japan out of its economic quagmire. Such suggestions include raising public spending by the Japanese government, which will lead to an increase in demand for goods and services. The banking industry may also benefit from a reduction in interest rates since businesses and families will borrow and spend. Cutting personal income taxes further will also prod consumers to purchase, thereby resulting in an improved economy.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Japan Inc. making progress in improving profitability
Article Abstract:
Japanese companies have started to look forward to increased earnings and profitability instead of more sales and growth. Thus, non-financial firms have registered an increase of 4% in profit despite a 1.5% decrease in sales for the six months that ended Sep. 30, 1994. The continued deflation has been instrumental in the change of business attitudes. Cost-cutting has become a preoccupation and labor productivity improvement has been given a high priority among business goals.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Comment about this article or add new information about this topic:
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