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Japanese opt to shun risk as fiscal dangers, global turmoil rise

Japanese opt to shun risk as fiscal dangers, global turmoil rise
Local Japanese News In English

Share prices are picking up worldwide amid a growing sense that the global economy has finally hit bottom. However, we see no big change in the conservative ways Japanese households are managing their assets, which are mainly savings accounts. The recent jumps in share prices in Japan are largely attributable to nonresident investors. Why? At a time when the public is scrutinizing the benefits of the Democratic Party of Japan's child-care allowances, there are several factors that explain why Japanese households aren't changing the way they manage their money. (Japan Times)
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Japanese opt to shun risk as fiscal dangers, global turmoil rise

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