PRZOOM - /newswire/ -
Bunkyo-Ku, Tokyo, Japan, 2007/06/18 - Mr NG Nagasaki, spoke person of Jacobs & Burns from their head office in Tokyo gave their opinion about the increment proposal of Bank of Japan in interest rate.
Mr Nagasaki begin his speech by "eludicating" the previous economic status of Japan, "A year ago the falling prices did a lot of contribution in bank failure and inflation". His talk reminds the Bank of Japan that they should not raise an interest too high nor fast by saying, "Growth extremely low interest rate will normally leads inflation."
He continued with, "Though Bank of Japan forecast inflation every year and yearly inflation undershoots that forecast, they find it hard to make money with a half percent interest but their goal is to get that inflation off."
Another thing that Mr Nagasaki wants to point out is the over investment of Japan in infrastructure that has been scrapped and obsolete. He finished saying," the reasons why Japan needs to be optimistic are, the export sector adds more in growth performance as the US economy keeps going, another is increases in property prices will make the world economy good, collaterals become more valuable and property projects more profitable."
Japan's recovery is likely to continue. After a long stagnation, its hard for everyone to judge, including Bank of Japan and for Mr Nagasaki last words , "if deflation sets again Bank of Japan should keep rates hold."
Jacobs & Burns (jacobsburns.com) provides financial advisory services to wealthy individuals and families, and select endowments, its independent, fee only, conflict free "open architecture" consulting service, a combination of independence, tax awareness and extensive intellectual resources. Jacobs & Burns today is one of the best-recognized open architecture firms advising wealthy families on their investment portfolios and other wealth management issues.
With expertise in the Investment Banking industry, Jacobs & Burns can help you meet the challenges of wealth investment. Jacobs & Burns is a professional financial advisory and venture capital firm with expertise in Investment Banking, Emerging Growth Companies, and Specialized advisory services. Jacobs & Burns provides powerful solutions for growing your wealth in a complex market.
A true open architecture firm is completely independent of the rest of the financial services industry and accepts compensation only from its clients. In addition, open architecture firms must make the financial commitment to hire only the most experienced advisors, and those advisors must apply their experience to the issues that will most affect their clients’ wealth. Matters like asset allocation and manager search are simply too important to be left in the hands of young analysts.