<< What would be better is a guarnateed social welfare
system (esp retirement) which allowed people to spend down their personal savings
in confidence that they would be maintained in old age. Japan has even less of
a welfare system than the US >>
That's what I thought. Also, Greg, while wer debunking myths: is it true/not true that individual Japanese investors have less than 15% of their assets in equities (I've heard figures as low as 7%)?
Jason