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To: Barry who wrote (17953)6/3/1998 2:52:00 PM
From: Elroy Jetson  Respond to of 25960
 
Japan is a wealthy country with nothing going on. Which is exactly why Traveler's just bought a 25% interest in a Japanese retail brokerage.

If investors in Japan can only get 1% returns on their capital domestically, Traveler's can suck that money out of Japan to where it can get decent returns. This is where the UK was at their peak. Very wealthy with their capital invested elsewhere and domestic economic activity very low and getting worse. Is Japan the new British Lion?