Advice to the New Japan Prime Minister

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.

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