paulr

....or are they still saddled with all that debt.I once read that a third of all the worlds disposable savings are in Japanese low interest savings accounts,surely the boom will come........but when?

letdown

We'll I live in Japan and I wouldnt invest a bean here. Although showing v small signs of recovery the whole country is pretty much fooked.

Im no finacial wizard but I do work for a company in the business and all the traders here including the locals say its fooked.


all IMHO.

Clett

How about China? There and India will be the manufacturing centres of the world for the next ten years and pretty much no-one else will be able to compete.

paulr

Letdown......whats the problem?
Is it still the bad borrowing?

TelBoy

I reckon it's a good outside bet actually. Recent numbers have certainly been encouraging...

paulr

The way i look at it

1.The are well educated
2.Work hard
3.Low crime
4.Lots of personal savings

Against

1.Bad borrowing/debt.

Once they work their way out of the debt,surely it'll be a good place to invest?

Brit_in_Japan

Signs in the right direction, 8 straight quarters of economic growth and consumer expenditure up 1% last quarter, bunkruptcies are reducing, auto industry is very healthy (except Mitsubishi), Toyota just reported a trillion yen profit for last year.

There is still a lot of corporate debt and the govt may have to do more bailing out yet.

Increasing oil prices may cause some inflation, which would be quite a change from the stagnation/deflation of recent years, but may have an adverse affect on growth later in the year.

paulr

Okay,thanks.

letdown

[QUOTE=paulr]
2.Work hard
QUOTE]


Mmmm I thought this before I actually lived in Japan. IMHO Japanese people do very long hours yes but work hard generally no. This is a generalisation in the same way that people THINK that all Japanese people work hard.

Ho hum.