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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (3640)	5/17/1998 8:52:00 AM
From: Kip518	Read Replies (1) of 9980

On the theme of Japanese savings vs stuff consumption, on CNN this morning a global value fund investment manager recommended investment in a consumer lender in Japan because Japan has no personal bankruptcy laws. He said the problem with investing in Japanese banks is that their loans are collateralize and lose value as collateral become worthless, whereas individuals must ultimately pay all their debts. If the U.S. did not permit personal bankruptcy (note: Congress is now considering tightening those laws severely)do you think the savings rate would be higher?

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