Comments on: 1 in four households in Japan have no savings http://blog.japundit.com/archives/2006/10/12/3812/ Japan... A whole lot more than raw fish Sat, 20 Mar 2010 10:03:10 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Rick http://blog.japundit.com/archives/2006/10/12/3812/comment-page-1/#comment-313158 Rick Thu, 12 Oct 2006 07:44:44 +0000 http://japundit.com/archives/2006/10/12/3812/#comment-313158 Well, we'd better hope the Japanese don't quit saving money. Their savings prop up the global economy by underwriting American credit buying. Interest or not, a reasonable amoung of savings is essential to a healthy household, getting kids through school, meeting medical and other emergencies, and for retirement. There is nothing like a bit of liquidity when things don't go as one had expected. Murphy's Law, you know. Well, we’d better hope the Japanese don’t quit saving money. Their savings prop up the global economy by underwriting American credit buying.

Interest or not, a reasonable amoung of savings is essential to a healthy household, getting kids through school, meeting medical and other emergencies, and for retirement. There is nothing like a bit of liquidity when things don’t go as one had expected. Murphy’s Law, you know.

]]> By: pat http://blog.japundit.com/archives/2006/10/12/3812/comment-page-1/#comment-313148 pat Thu, 12 Oct 2006 05:47:02 +0000 http://japundit.com/archives/2006/10/12/3812/#comment-313148 I wonder if they included annuities? A big savings vehicle here. But I've always suspect those figures that showed Japan to be the world's biggest savers. The eldery are large savers --but their kids and especially their grandkids are not. That's why (in my totally non-professional opinion, grain of salt) the Big Bang was more of a fizzle. Eldery folks aren't going to put their money into some new fangled investment when they can get a whopping .000002% interest from the friendly folks at the corner post office. And they get to talk to the other neighborhood old fogies while they're waiting in line. I wonder if they included annuities? A big savings vehicle here.

But I’ve always suspect those figures that showed Japan to be the world’s biggest savers. The eldery are large savers –but their kids and especially their grandkids are not.

That’s why (in my totally non-professional opinion, grain of salt) the Big Bang was more of a fizzle. Eldery folks aren’t going to put their money into some new fangled investment when they can get a whopping .000002% interest from the friendly folks at the corner post office. And they get to talk to the other neighborhood old fogies while they’re waiting in line.

]]> By: Global Voices Online » Blog Archive » Japan: savings http://blog.japundit.com/archives/2006/10/12/3812/comment-page-1/#comment-313137 Global Voices Online » Blog Archive » Japan: savings Thu, 12 Oct 2006 04:54:24 +0000 http://japundit.com/archives/2006/10/12/3812/#comment-313137 [...] One in four households in Japan have no savings, alexpappas blogs about a survey result. [...] [...] One in four households in Japan have no savings, alexpappas blogs about a survey result. [...]

]]> By: ppayne http://blog.japundit.com/archives/2006/10/12/3812/comment-page-1/#comment-313092 ppayne Thu, 12 Oct 2006 00:24:43 +0000 http://japundit.com/archives/2006/10/12/3812/#comment-313092 I wonder how accurate that is. If you ask a Japanese person something directly, they won't necessarily answer accurately. There is so much humility, I'm sure a certain percent of people will say no, I don't have any savings, just as they say no, my English is terrible since I've only studied for 10 years. I wonder how accurate that is. If you ask a Japanese person something directly, they won’t necessarily answer accurately. There is so much humility, I’m sure a certain percent of people will say no, I don’t have any savings, just as they say no, my English is terrible since I’ve only studied for 10 years.

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