Monday, Sep 04, 2006

More IR rises in cheap credit central?

FT.com: Rise in Japans capex lifts BoJ rate policy

Capital spending and sales by Japanese companies grew this spring at their fastest pace since the bubble era, providing some much-needed moral support for the Bank of Japans recent decision to raise interest rates from zero. *** I like that "era of the bubble" - woe betide we mention the crash word :-)

Posted by uncle chris @ 12:58 PM (469 views)
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1. Sam. said...

I think is strange that people are looking at Japans economy to support the idea that the US, UK and EU shouldn't be crashing anytime soon.

Japan has suffer more than 5 recessions in the last decade, property for investment does not exists (in part to high risk of earthquakes), oh had they've been through something called deflation while the rest of the worlds economies have been 'racing' ahead.

Tuesday, September 5, 2006 09:52AM Report Comment
 

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