Two from Mish.(Both are reposts of other media sources)
In Spain
"62% do not believe that the economic crisis has already had its biggest impact on the labor market and therefore the economy is recovering slowly, and, on the contrary, they think that "the worst of the crisis is yet to come".
I am with the majority on this one.
In Japan
"Okuma, a Japanese machine-tool maker, has seen its stock price rise around 30% this year. Its customers have outdated machinery that needs replacing. But, for now, the company isn't investing. Instead, it is sitting on a pile of cash worth
about $280 million—50% higher than its pile a decade ago, equivalent to one-fifth its annual sales, and more than twice the level required for the firm be deemed loan-worthy by a bank.
Why? Senior director Chikashi Horie says the answer is simple. Okuma's clients "are not investing, not even to raise
efficiency, so we are not investing either," he says.
Okuma's thinking embodies one of the key challenges for Prime Minister Shinzo Abe's ambitious growth plan: persuading Japan's famously stingy companies to stop stashing their earnings in the bank, and putting the money to more productive use, helping complete—rather than short-circuit—the virtuous economic cycle."
Oops. Abe's casual chain isn't working. More QE to the rescue?
In Spain
"62% do not believe that the economic crisis has already had its biggest impact on the labor market and therefore the economy is recovering slowly, and, on the contrary, they think that "the worst of the crisis is yet to come".
I am with the majority on this one.
In Japan
"Okuma, a Japanese machine-tool maker, has seen its stock price rise around 30% this year. Its customers have outdated machinery that needs replacing. But, for now, the company isn't investing. Instead, it is sitting on a pile of cash worth
about $280 million—50% higher than its pile a decade ago, equivalent to one-fifth its annual sales, and more than twice the level required for the firm be deemed loan-worthy by a bank.
Why? Senior director Chikashi Horie says the answer is simple. Okuma's clients "are not investing, not even to raise
efficiency, so we are not investing either," he says.
Okuma's thinking embodies one of the key challenges for Prime Minister Shinzo Abe's ambitious growth plan: persuading Japan's famously stingy companies to stop stashing their earnings in the bank, and putting the money to more productive use, helping complete—rather than short-circuit—the virtuous economic cycle."
Oops. Abe's casual chain isn't working. More QE to the rescue?
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