Government's push to prop up stocks gains momentum
Article Abstract:
Japan's Liberal Democratic Party met to discuss plans that might lift the country's sagging stock market, which includes an almost 15-year low of the Nikkei 225 Index. Potential plans to help the sluggish economy include outright purchase of stock by the government, revising tax laws, allowing companies to buy back their shares, and forcing the Bank of Japan to ease credit.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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U.S. should heed lesson
Article Abstract:
The United States should learn from Japan's experience that the government cannot artificially prop up prices on stock markets. Although the United States would like to bolster its stock markets in these days following the terrorist attacks on the World Trade Center and the Pentagon, Japan's efforts to bolster its stock market over the past decade have been largely unsuccessful. Some observers, in fact, say that government efforts to boost stock prices backfire, because they prevent the stocks from hitting bottom, when private investors could enter the market for long-term gains.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Japanese bank shares appear to be losing their luster: until lenders show solid proof they've cleaned up their act, analysts advises caution
Article Abstract:
Robert Zielinski, an analyst at Lehman Brothers Japan Inc, advises investors to stay away from the Japanese banking sector. His primary reason is that most of the share prices of Japan's large banks have reached their peak. He also emphasizes that the surge in share prices was mainly due to announcements of mergers and acquisitions between big banks and that banks have yet to prove that they can boost their profits.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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