Tarnished miracles

Article Abstract:

The German and Japanese economies have floundered in the recent past but both show some strength and stability which could spark an improvement in late 1992. Japan's stockmarket is worth less than half its value in 1990, corporate capital spending is decreasing and economic growth is down, but manufacturers have produced an external surplus and the yen could strengthen depending on long-term capital flow into the country. Germany is beset by labor unrest and pressure to lower interest rates at the expense of higher taxes, but the stockmarket has remained stable and the Deutschemark shows signs of gaining on the U.S. dollar.

Germany, Forecasts and trends, Financial markets

---

Get well soon: U.S. frets over Japan's various financial ills

Article Abstract:

US Treasury Secretary Robert Rubin is the most prominent of the many US officials and analysts who have publicly expressed concern over the state of Japan's financial system. However, there is little the US can do to help other than strengthen the dollar against the yen. Many see Japan's basic problem as political, and suggest creating something akin to the Resolution Trust Corp that sold off the assets of ailing US savings & loans. Ultimately Japan's taxpayers may pay some $500 billion to $600 billion to save banks.

Administration of General Economic Programs, Financial Services, Finance and Insurance, Intnl Economic Policy, United States, International economic relations, Japanese foreign relations, United States foreign relations, Financial institutions, Public opinion

---

Less like us: revisionists stick to their critique of Japan

Article Abstract:

The Clinton administration is backing Tokyo's economic-reform plans, but revisionists such as Chalmers Johnson and former trade negotiator Clyde Prestowitz believe their arguments that Japan would continue to take major parts of global markets without ceding its home turf, remain valid. They have major reservations about the Japanese reform effort, saying that change will not necessarily make Japan more open.

Similar abstracts:

• Abstracts: Lose and learn: Japan's firms pay price of financial speculation. Blood and profit
• Abstracts: The lesser evil. Comeback coalition: Ramos allies gain ground at polls
• Abstracts: Scandal tactics. Into the unknown: all political bets are off after Kanemaru arrest
• Abstracts: Rocks and roles. Stuck on the rocks: Japan miffed as Yeltsin cancels visit. Yeltsin's yoke: Japan strives for G-7 backing in islands dispute
• Abstracts: The Tories' free Europe. Douglas il serenissimo. The Tories' beef about Europe

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.