Unlease corporate sector instead of printing yen
Article Abstract:
Japan may have deprived itself of the means to get its economy growing productively. Over the past decade, the government, led by the scandal-ridden Liberal Democrats, have milked the country's savings accounts, generally held by Japan's post office, through various agencies like the Trust Fund Bureau. The maturing post-office savings accounts and dropping new deposits have resulted in postal savings account balances growing at a snail's pace. The government may have to print yen, which will lead to a weaker currency. But the corporate rates of return on capital have not stopped dropping after nearly 20 years. Corporate sales are up. The companies may have the power to save the economy.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Japan builds on ruins of old system
Article Abstract:
Japan has posted negative gross domestic product growth for the fifth consecutive quarter while its unemployment rate continues to rise. Economic decline has not been stopped by the government's injection of more money in the economy, lax monetary regulations, fiscal stimulus packages and bank bailouts. The downward trend of the economy is believed to be caused by the government's protection of old and inefficient enterprises, instead of providing opportunities to entrepreneurs and new business ventures.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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