Alexander Kinmont of Morgan Stanley gave some interesting advice to the new Japanese prime minister today. Some very good insights-
1) Rescind the Bank of Japan law, and bring it under government control.
2) Fiscal Policy- Get away from politically motivated fiscal policy and move to economically motivated policy. Stop playing with interest rates and print money a bit.
3) Abolish the Inheritance Tax. This holds ups a lot of capital from going into the market.
Interesting thoughts to consider for Mr. Hatoyama.
Leave a Reply