Wednesday, February 19, 2014

Japan's economy

http://www.bbc.co.uk/news/business-26223387

With the economic environment not looking so hot in Japan, banks have stepped in to help out.  The plan is to allow more loans to be processed at larger amounts, and with lower interest rates.  This is supposed to increase money in circulation by giving money to spenders.  In order for the program to work, the people receiving the loans will need to pump that money back into the economy through spending.  The banks are taking on an active stance on pushing for a better economic status in Japan.  In other countries, we see the government taking that place to get the economy stimulated again.  Only time will tell if the program is a success of failure.  If it fails, someone else will come up with another stimulus plan and try again.

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