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 (531 views)
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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.

Monday, June 12, 2006 11:44PM Report Comment

2. Ctt said...

I have never or can ever take that prat seriously

Tuesday, June 13, 2006 12:30AM Report Comment

3. harold said...

JU, your comments are valued.

Tuesday, June 13, 2006 08:51AM Report Comment

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