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International Investing / Australia (All-Ordinaries)


Subject:  Re: Japan It's Over Date:  3/10/2002  8:55 PM
Author:  harmy Number:  3773 of 6186

Despite that many economists believe that Japan will improve from here on the back of stronger growth in the United States.

The only reason they think that is based on the hope of a falling yen - but, it is predicted that the US dollar will also fall at some time in the future.
Until Japan writes its massive bank loans off and gets it's house in order (something it's failed to do so far) the economy will simply carry on the way it's been going for years - nowhere !!!

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