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"Japan’s central bank may offer venture-capital type funding after cutting interest rates near zero and committing 20 trillion yen ($212 billion) into money markets failed to halt deflation."
These previous actions seem pretty extreme to me. If these did not do as intended, what is it going to take? Is this new plan really going to be effective if these other things did not? How extreme can you go before forcing the issue too much?
I think you're on to something here Noah. Japan seems to be going a little too far in trying to stimulate their economy, but then again, a lot of people would argue the U.S. went to far with our bailouts and stimulus packages. I guess only time can tell for sure.
ReplyDelete--Tommy
Japan is struggling, seemingly worse than the US. It doesn't seem to be as big of a deal as Us and Greece, probably because it won't affect us the same way. Either way, we should be paying close attention because there will be a ripple effect I'm sure.
ReplyDeleteIt seems like Japan is trying to stimulate a lot to hopefully get it back on track. People did argue that the US went overboard with the bailout but it seems like its working out for us slowly. Hopefully Japan is doing the right thing but like Tommy said only time will tell. We should want all economies improving.
ReplyDeleteJapan needs a complete overhaul on their regulations; everyone's been saying that one way or another for a while now. I think they realize something drastic will be necessary since nothing else has been working, but obviously they're hesitant to make such big changes. When are they going to finally give up their old ways, though, is the question.
ReplyDeleteNoah these are some very good questions. It will be interesting like Tommy Said to see how things pan out. Japan seems to be taking some extreme measures to promote some stimulus and get their banking back on the right track. The US bailout seemed pretty extreme when announced but the US economy is slowly climbing back to recovery. Should be interesting to see how Japan handles this situation.
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