Re: Bank of Japan's failures during the '90s



--
Phil Scott
Ideas are bullet proof.
"Draccarlaw" <zutalors212@xxxxxxxxx> wrote in message
news:1148493261.147207.130000@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I always hear that the BoJ contributed to the depression of
the
Japanese economy during the '90s.

What are some examples of their inefficiencies?

Also, I read that Japan's Debt/GDP is over 100%! USA's is
about 70%.
Why is their debt so high, when they don't have a military?


Thats a world class question.... we know that real estate
rose to ludicrous levels. We know that those were in bank
loans... the banks ended up being owed the GDP of Japan...what
a coincidence. ...and hold title to the property as well.

It looks like we in the USA might be following suit.

Phil Scott



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