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Politics : Idea Of The Day

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To: Raj who wrote (19144)	8/4/1998 9:39:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

JAPAN-Returnless saving encourages saving-- WHEREAS higher returns on savings encourages spending. On a seperate note Raj- on your socio- structural issue I would like to highlight an observation, I see Japanese bee lining in this new LMVH store on confluence of Champs and George 5, I always think I wish they would spend with similar vigour back home = Good for the markets. I think it is more to do about simple living also, Japanese have comparatively live within their means and within themselves they do not believe in credit.

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