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© (c) Copyright Thomson Reuters 2013.Japan's temples, universities, hospitals haunted by economic crisis
By Hideyuki Sano KOYA©2024 GPlusMedia Inc.
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Nichikolohe
Wow! This article really raises images of "The Conspiracy Theory" (Mel Gibson) doesn't it?
The yen's fall since Abe took office has eased the pain for investors but many still have unrealised losses since the dollar has not recovered to its levels of 2006 and 2007 when it traded above 110 yen.
So in light of so many universities, hospitals, and temples (shrines, too I imagine) in Japan stuck with paper losses; do they have Abe's "ear" such that engineering a weaker yen mitigates those "losses" and eases the exit strategies for both banks and non-profits?
It sticks the rest of us with real losses too...
nath
I agree with Kansai univ professor, universities seems lost in understanding Economics and indeed abandon teach young students! people and countries all over run the risks o derivative driven losses prospering the banks it seems that is globalization mechanics perhaps which make gullible lose heavily ! God save the new generation rom the pitfalls
vctokyo
what this article failed to state is that these PRDCs are capital protected i.e after 30years these temples get their money back. Basically they are just sitting on paper losses (albeit large ones at that). I cant understand (even for monks or any person) to lock up their money for such a long time. Anyways monks should be promoting divinity and peace and should not be bickering so much.
ka_chan
Isn't this what caused the global economic crisis of 2008?