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Strategies & Market Trends : Asia Forum

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To: smolejv@gmx.net who wrote (3542)	5/13/1998 10:01:00 PM
From: Stitch	Read Replies (2) of 9980

DJ, <<I dont think that Japan woke up April 1st and said "Damn, the Tankan really sucks" and decided to shift gears. It's a process that has been going on for some time too. The savings set free lately... peanuts.>> I tend to agree that there hasn't really been an awakening to the possibilities on the part of the Japanese saver. But the amount of savings released is significant and not "oeanuts". In other words there really is a pile of money sitting there for potential redeployment. No wonder we are wading in the slaver of so many western money managers. But curiously, when I was in Japan in April, there was noted lethargy on the part of the individual saver. At the business level there was much animated talk re: policy. My view is that the Japanese businessman AND the individual (note:these are one in the same often) has been so long led that new found freedom finds him standing and blinking in the bright lights of newly found self determination. This shouldn't surprise us. In fact, it is a movement that will carry into everyday decisions, both business and personal, and marks a significant paradigm shift for the Japanese citizen. We can and should expect some faltering. Best, Stitch

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