>>Despite the fact that the government has lowered interest rates to >>ridiculous levels, bank lending actually fell in Japan in November. >> >>To interpret which evidence it is not sufficent to be a radical >>Keynesian. One must be marxist. >> >>Chris Burford >> >>London > > Belson, Ken Now bonds pose a problem for Japan's troubled banks. New York Times (Nov 27, 2001):W1(N), W1(L).
Chris, i can't get access the article from here, but i think it underlines an important facet of Japan's crisis. rb
