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According to my information these stories are only half true.
1. Negative interest rates we only demanded by western banks based
in Japan and not all Japanese banks. The reason being that the banks
did not know what to do with the money. In fact Japanese banks have
to pay a premium these days in order to borrow. The Japanese central
bank is buying short term commercial paper off the banks books and
lends generously in order to help them.
2. The 200$ coupon was only 20.000 Yen and only low income families
would qualify.
I find it very interesting that the Japanese are as "determined" with
their crisis as they were overreacting when property and stock market
prices were booming. It seems to me that the Japanese do not like to
do things half-hearted.
I suppose that when this collective mood changes then we will see one
of the biggest bull runs that ever existed.
Gerrit Jacobsen
> By the way, did all of you read about the $200 coupon the Japanese
> government is giving each citizen, hoping to spur spending? That and
> 'Happy Mondays,' where businesses encourage workers to take Mondays
> off and go spend money!
>
> Yeeesh. Not a good sign.
>
> Best,
>
> Tim Morge
>
> FelixTY wrote:
> >
> > There was a time in Hongkong late eighties and early nineties. Where the banks
> > charge you if you deposit money with them. (In Hongkong dollars). The bigger
> > amount
> > of deposit the bigger percentage charges , as they have a table. This sound
> > weird but
> > its true.
> >
> > At that time, there was rampant speculation of being long Hongkong dollar and
> > they are penalizing the speculators.
> >
> > Hongkong is a free for all economy but don't tread on their currency or stock
> > index.......
> >
> > richard macneil wrote:
> >
> > > Have been hearing regularly about negative interest rates .How can that be?
>
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