haku: @indexterm UNSKILLED WORKERS / yhteensä: 32
viite: 10 / 32
| Tekijä: | Evans, G. |
| Otsikko: | How Japan tips money down the drain |
| Lehti: | Euromoney
1997 : JAN, 1, p. 76-77 |
| Asiasana: | JAPAN PUBLIC SECTOR BORROWING GUARANTEES GOVERNMENT UNSKILLED WORKERS |
| Kieli: | eng |
| Tiivistelmä: | Japan's public sector institutions borrow money with a guarantee from their government. They waste the opportunity by paying as much as 10 basis points more than they should for funds. The reason is lack of professionalism and bureaucratic meddling. Japan should, as the world's second largest economy, be able to fund itself at close to treasuries and cheaper than any other sovereign borrower. The problem is that the officials in charge of borrowing at the institutions are not as sensitive to costs as are their western counterparts. |
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