If you have extra money or receive unexpected income, would you put it in your savings bank account or attempt to multiply it by investing?
Ask the same question of Japanese consumers, and you may have a different perspective. Japan has been traditionally a country of savings, not outstanding exactly for its people’s successful investing skills. A lot of people still seem to prefer saving to investing, thinking investing is a form of “gambling”.
Saving was once a virtue in Japan, with people during the l970s saving 20 per cent of their disposable income. The rate dropped to 15 per cent in the l990s and today to a few per cent in the staggering economy.
Read the rest of the story: Japan losing investing fever.