Japanese Government Considers Investing in Stock Market
Tumbling share prices of Japanese stocks are eroding the capital of Japanese banks thereby suffocating the banks' ability to lend money to broke businesses. So, the Japanese government is looking into possible solutions.
Kaoru Yosano, the powerful three-pronged finance minister, financial services minister and economics minister, has instructed his staff to look into measures to counter falling stock prices—including an idea floated by the chairman of the influential Keidanren business lobby, Fujio Mitara, who says the government should set up a public body to buy shares in the market, according to the Financial Times.
Whoa! “If it is possible to support stock prices using public funds, we can expect a strengthening of the financial health of financial institutions and an increase in lending,” Mitara told the Financial Times. Is it me or does this sound scary?
As the United States looks to foreign models to help navigate its domestic stock slide, projects like this one set a dangerous precedent. A government that manipulates stock prices very much takes the free out of the free market. We should all be keeping a close watch on the levels of intervention happening globally and ensure that no reckless experiments become part of a global economic plan.
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- Non-verbal clues are very important in the development stages of a relationship.
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- According to some relatively new research, many of our early human cousins preceded Homo sapien migrations north by hundreds of thousands or even millions of years.
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- Behavioral and dietary changes also helped humans adapt to cold climates.
The comics titan worked for more than half a century to revolutionize and add nuance to the comics industry, and he built a vast community of fans along the way.
- Lee died shortly after being rushed to an L.A. hospital. He had been struggling with multiple illnesses over the past year, reports indicate.
- Since the 1950s, Lee has been one of the most influential figures in comics, helping to popularize heroes that expressed a level of nuance and self-doubt previously unseen in the industry.
- Lee, who's later years were marked by some financial and legal tumult, is survived by his daughter, Joan Celia "J.C." Lee.
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