Financial Times (January 7)
2010/ 01/ 07 by jd in Global News
To help Japan avoid another lost 0decade, the Financial Times offers advice to finance minister Naoto Kan. “Kansian economics” should stimulate domestic demand, encourage the Bank of Japan to ease the money supply, and champion stronger corporate governance. As an example of strong corporate governance, the newspaper holds up German corporations. Japanese corporations are “irrationally frugal,” with dividends to shareholders 75% lower (in relative terms) than those paid out by German corporations.
