Stop the presses, don't print yen; pumping more money into Japan won't solve the credit crunch

Article Abstract:

Japan's recent moves involving the purchase of government bonds and the slashing of overnight call rate from .25% to .15% seem to indicate the government's plan of expanding the money supply. Although a loose monetary policy may generate profits and engender a sense of prosperity in the short-term, it could weaken the flow of savings by promoting consumption that, without the support of production, would lead to depression. What Japan must do to attain genuine, long-term economic recovery is to stop pumping money into the economy, reduce bureaucracy and slash taxes.

United States, Financial management, Methods, Economic development

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Japan can set itself for a productive future

Article Abstract:

Many critics believe that Japan cannot produce another economic miracle because of severely depressed prices and the weak value of the yen against the dollar. Optimists, however, say that Japan has the opportunities to pull itself out from economic decline by optimizing the opportunities in its software sector. It must create a new economic growth strategy that focuses on domestic demand, technological innovation and industries that promote high-productivity services instead of manufacturing.

Evaluation

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Open up Japan's clogged economy for faster growth

Article Abstract:

Japan is bracing itself for its coming elections that promise new voting clout to urban consumers who favor deregulation, free competition and the elimination of the inefficient aspects of the country's bureaucracy. Japan has been growing although at an inefficient rate because of the existence of many protected sectors such as farmers, small businessmen and bureaucrats. The country's low capital productivity attests to such inefficiency.

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