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Japan's fiscal situation is unsustainable given its huge public debt, and Tokyo remains...

Japan's fiscal situation is unsustainable given its huge public debt, and Tokyo remains committed to curb a rise in the yen, PM Naoto Kan said this morning in a speech opening the first parliament session. Kan also hinted at further easing during the BOJ's policy meeting next week. Earlier today, Japan said core consumer prices fell for the 18th straight month in August.
Comments (2)
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
    Voila Bernanke's model. These guys have been "easing" for quite a while now. Their stock market also saw a few rallies (big ones too) as they eased.


    One key difference. They have always had a current account surplus.
    1 Oct 2010, 07:48 AM Reply Like
  • IndianTiger
    , contributor
    Comments (7) | Send Message
    Japan and the US are two very different economies. Japan has an aging population plus an immigration policy that doesn't really allow immigration. As people age, they save more and spend less. Currently, there is US$1.3 trillion of household assets in savings and life insurance. And not to mention that as people age, they generally get less entrepreneurial and creative. The economic is in a chronic state of no growth, and there is no amount of easing that can help it.


    Here's what immigration did for US:
    Sergey Brin (Russia) - Google
    Charles Wang (China) - Computer Associates
    James Kim (Korea) - Amkor Technology
    Amar Bose (India, 2nd generation) - Bose Corporation
    Narendra Patni (India) - Patni Computer
    2 Oct 2010, 10:53 PM Reply Like
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