Japan: Up or Down?

[Greg Nowell]

Most Japanese stocks are held by Keiretsu members & the big brokerage houses, to
the tune of 60-70% as I recall.   But "at the margin" the 30% is enough to
affect prices, as the calamitous declines of recent years have shown.  As to
what Joe Average owns in Japan, I doubt much of it is in equities.   -gn.

JayHecht at aol.com wrote:


> In a message dated 6/15/99 11:34:57 AM Central Daylight Time,
> GN842 at CNSVAX.Albany.Edu writes:
>
> <<  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

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

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