Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

punkle...

I am no expert on Japan, but I follow it as important to the global economy. My personal opinion is that Japan has about zero chance of a serious, sustainable recovery here and the quote you cited is exactly correct - they are still delaying the structural reforms that are required before any recovery is possible. I look for their markets to make new lows before too long and systemic financial dislocation is still a real possibility.

Like ourselves, they are almost totally dependent on the US consumer for any chance of recovery and that is not going to happen.

mlsoft