Re: Re: Bank lending falls in Japan

2001-12-10 Thread Rakesh Bhandari
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

Bank lending falls in Japan

2001-12-09 Thread Chris Burford
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

Re: Bank lending falls in Japan

2001-12-09 Thread Rakesh Bhandari
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 very interesting article in nyt a week