This blew me away:
Individual investors, called housewives after the women who traditionally managed finances in Japanese families, have 1,434 trillion yen ($14.9 trillion) of savings, according to the Bank of Japan.
The rest of that piece seems to be junk… but $15 trillion?! That’s more in savings than the US GDP last year… astonishing.
Really need to understand how all of these fragments of information come together into a wildly dysfunctional, and yet oddly functioning, system. Someone must have written about this… recommendations?
It'll All End In Tears 