Comments on: The Japanese economy: fragile but improving.

By: Greg Atkinson

Greg Atkinson — Wed, 28 Oct 2009 03:32:10 +0000

Pete I reckon you are exactly right about trying to predict the future of the global economy. One thing for example that economist’s cannot get their heads around is technology and it makes a huge difference. Trying to map out where will be in 10 years based primarily on the technology we have now simply doesn’t work and the fact is we have no idea what may pop up in a few years time. By now we are suppose to be all working in paperless offices

In 10 years time a united Europe could become the centre of the world again or maybe India will all be the rage and China’s glory days will be behind it? Who really knows? (not me that is for sure!) Remember the Asian Tiger economies? At one stage they were supposed to be taking over the world but the Asian financial crisis put a hole in that plan.

By: Pete

Pete — Wed, 28 Oct 2009 03:14:38 +0000

Fair enough.

I don’t know much about Japan, but I feel that Japan will be unfortunately tied to the fate of the US, at least partially.

Also to the fate of Europe, but that is a tricky one (Europe is somewhat diverse).

I think in ten years time we will look back at the 2007-2012 period and think “wow, I didn’t think THAT would happen”.

Predicting the future of global economies is tricky.

By: Greg Atkinson

Greg Atkinson — Tue, 27 Oct 2009 08:45:05 +0000

William Pesek from Bloomberg always seems to be writing something gloomy about Japan. The old debt default story pops up every few years but Japan Inc. rolls on.

I reckon it is a bit too early to get worked up about what the new government will or won’t do. If they make no effort to get debt under control in the next few years then I might get worried, but for now I am more concerned about the U.S economy.

By: Pete

Pete — Tue, 27 Oct 2009 06:07:33 +0000

Japan faces debt tsunami “It is hard to see how Japan could avoid a government default or hyperinflationary currency death spiral”