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Strategies & Market Trends : Asia Forum

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To: Tommaso who wrote (2896)	4/5/1998 3:07:00 PM
From: Worswick	Read Replies (2) of 9980

I asked a Japanese friend of mine that very question: "Of the $10 trillion how much and who would... invest in "foreign" financial assets. The answer: "My father never will but he is very poor. He has saved only $200K. Rich people will invest. That is why they are rich...because they are smart." Average Japanese savings per person are $120K. I read somewhere that average American savings per person were minus $2,800. (credit cards, installment plans, etc.) At that the Japanese man said that $1-$3 trillion might migrate over time "offshore".

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