business

Japan's younger 'Watanabes' seek more diverse portfolios

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By Daniel Leussink and Tetsushi Kajimoto

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More than half of the 1.859 quadrillion yen ($17.19 trillion) in Japanese household assets are still either in bank deposits or cash, compared with 13.1 percent for the United States.

This is why the national government keeps on spending like their is no tomorrow here! The BOJ is using the cash to buy the bonds that keep the government afloat.

The people have not complained(I TRULY wonder why) that they banks pay nothing in interest for using their cash!

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The in-thing now is attending Stock Trading groups and lectures held by them. Each group offers different things (such as Fundamentals or Charting) so often you find people turning up at several meetings - the organizers appear to be pulling in a reasonable amount of money these days too, since attendance has ballooned. However some groups, such as that run by the notorious "Wolf" are under investigation by the FSA for Insider and Manipulation activities... so choose your group well.

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