Comments on: Unscathed Japanese banks on the prowl http://www.creditwritedowns.com/2008/06/unscathed-japanese-banks-on-prowl.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2008/06/unscathed-japanese-banks-on-prowl.html#comment-56478 Edward Harrison Fri, 29 May 2009 14:40:00 +0000 http://www.creditwritedowns.com/2008/06/unscathed-japanese-banks-on-the-prowl.html#comment-56478 You're right that these statements are at odds. The sentiments expressed in this post are indeed more accurate. If you've read Richard Koo's recent Book, he says much the same that you do. Thank you for the link. You’re right that these statements are at odds. The sentiments expressed in this post are indeed more accurate. If you’ve read Richard Koo’s recent Book, he says much the same that you do. Thank you for the link.

]]> By: California_Dreamin http://www.creditwritedowns.com/2008/06/unscathed-japanese-banks-on-prowl.html#comment-56477 California_Dreamin Fri, 29 May 2009 05:39:00 +0000 http://www.creditwritedowns.com/2008/06/unscathed-japanese-banks-on-the-prowl.html#comment-56477 You wrote on June 13, 2008 that: "The Japanese Problem is that of an economy which succumbed to a bubble economy in the 1980s and two decades later has still not fully recovered. The Bank of Japan (BoJ) and the Japanese government have managed all manner of stimuli in the last 15 odd years, all to no avail. Japan still suffers from deflation, has a massive government deficit and debt, and has a fragile banking system and economy." Your present post seems to contradict that. I've lived in Japan for the last 20 years and I can attest that Japan's banking system and economy are anything but fragile. Have you read or listened to Eamonn Fingleton at all? If not, I recommend having a look at his website at www.unsustainable.org. You wrote on June 13, 2008 that:

“The Japanese Problem is that of an economy which succumbed to a bubble economy in the 1980s and two decades later has still not fully recovered. The Bank of Japan (BoJ) and the Japanese government have managed all manner of stimuli in the last 15 odd years, all to no avail. Japan still suffers from deflation, has a massive government deficit and debt, and has a fragile banking system and economy.”

Your present post seems to contradict that. I’ve lived in Japan for the last 20 years and I can attest that Japan’s banking system and economy are anything but fragile. Have you read or listened to Eamonn Fingleton at all?
If not, I recommend having a look at his website at http://www.unsustainable.org.

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