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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3640)	5/16/1998 10:18:00 PM
From: Frodo Baxter	Respond to of 9980

>The figure I read was $170,000 in savings not $100,000, but what is few trillion bucks between friends? Okay, so we're guessing wealth in Japan is say 200% of GNP? What about here? >they'll have to open their door wide open and expose domestic manufacturers to true global competition. Disgusting, huh? <g>

To: Zeev Hed who wrote (3640)	5/17/1998 8:52:00 AM
From: Kip518	Read Replies (1) \| Respond to 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?