Monday, Jun 12, 2006
Why Japanese interest rates will remain low
Times Online: : focus on Japan
Anatole Kaletsky of the Times reports on his impression of where B of J rates will go following his recent trip to Japan
Posted by nimmmm @ 10:17 PM (162 views) Add Comment
3 Comments
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1. Japanese Uncle said...
Zero interest rates regime in Japan is the product of the Japanese bankers and bureaucrats being in each other's pocket, where even a blockhead can run banks, given their cost of borrowing being NIL! Lower IR (than those in UK/USA at all times) is no economic necessity but political convenience. In return for such favour by the BoJ and MoF (Ministry of Finance), banks have been traditionally accepting retiring petty officials as bank executives, often as CEO.
2. Ctt said...
I have never or can ever take that prat seriously
3. harold said...
JU, your comments are valued.