See, this is incremental thinking -- you pay attention to small changes, not the big picture. Sure, the Japanese may be saving slightly less than they did when their economy was doing better. They still -- the big picture -- have massive savings: an estimated ¥780 trillion, or $6.5 trillion, all kept in bank accounts earning no interest.
(no subject)
Date: 2009-01-09 10:49 am (UTC)