IMF FSAP 補足。

IMF FSAP　補足

Japan: Financial System Stability Assessment and Supplementary Information

Japan: Financial Sector Assessment Program (FSAP)


・　消費、投資を進めるための預金口座への課税
ＦＯＲＢＥＳ誌によれば、預金口座課税は、「ＴＳＵＮＡＭＩ」のような円資金海外逃避となって、国際金融市場へ大きな影響を与えるだろうと論評しています。

・　生保予定利率引き下げ
一般株式の他に銀行の株の主要な引受け手が生保ですし、国債も大量に抱えています。そこで収益性確保のための予定利率引き下げです。


Japan Weighs Radical Deflation Therapy Benjamin Fulford, 06.09.03, 9:50 AM ET TOKYO -
Japan is considering taxing all cash and savings in an effort to force its people to spend their money or lose it, according to Shukan Gendai, a leading Japanese newsweekly. The plan, as outlined in the magazine, calls for an annual tax of 3% to 5% on all savings and time deposits in the country. The aim of the move is to force Japanese savers to either buy consumer goods or put their money in stock, bonds or real estate to avoid what in effect would become a steep negative interest rate on their savings. To stop people from simply hoarding cash, the magazine says the move would take place next April when the Japanese government plans to replace current currency with new, hard-to-forge bills. Old cash would be exchanged for new cash after the government takes a 3% to 5% cut and inventories how much people have stashed away. If people fail to change their old bills before that time, they will become worthless pieces of paper. Needless to say, underground money held by gangsters, tax cheats and others would be forced into real estate, bonds or stocks. The only other alternative would be for Japanese savers to take their money overseas, a move which would send a tsunami of yen onto world markets. Since Japan has about $12 trillion in savings, this move, if implemented, could have massive repercussions. It would almost certainly end the 13-year Japanese equity bear market. It could also end deflation in the country. U.S. companies who have invested heavily in Japanese real estate and stocks, or bought Japanese companies, should benefit nicely. These would include Goldman Sachs (nyse: GS - news - people ), Morgan Stanley (nyse: MWD - news - people ), General Electric (nyse: GE - news - people ), Wal-Mart Stores (nyse: WMT - news - people ) and all the various hedge funds--including Ripplewood Holdings, Cerberus and Carlyle--that have big Japan bets.