The worries awaiting Japan's new leader
Article Abstract:
Japan faces recession, and a recovery in the Japanese economy is seen as likely to help neighboring economies. The three candidates for the post of prime minister are offering similar solutions. These are looser fiscal policy, tax cuts, and a reform of the banking system. Small policy differences could still make a difference to the outcome. The Liberal Democratic party (LDP) has been weakened, and this could affect policy. Inflation is seen by some economists as a possible benefit to Japan, but it would hit many rural and older supporters of the LDP on fixed incomes.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Messing with money
Article Abstract:
Inflation has been suggested as a possible cure for the economic problems of Japan. Proponets of this view include Massachusetts Institute of Technology's Paul Krugman, and Bank of Japan's Kazuo Ueda. Ueda is especially concerned about risks from deflation. There is uncertainty as to whether the Bank of Japan could create inflation and whether inflation would benefit the economy. Companies would benefit from a rise in corporate earnings, but interest rates could rise over the long term which could push up their debt levels.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Exercised: share buybacks in Japan
Article Abstract:
Japan's business culture is changing as salarymen are being given stock options. Recent Diet legislation permitting companies to hold a greater share of their own stock has resulted in US-type stock options being offered. The ramifications are discussed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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