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Japan's Postal Savings Accounts

 

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1980-1994: Nomura Research, personal savings rate averaged 23.9% of incomes.

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1994:  Japanese household survey, 42 million Japanese workers saved $29,370 each and added another $1,233 Billion to savings.

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1995: Testimony of Martin A. Armstrong before US Congressional House Way & Means Committee, $10 Trillion in Postal Savings.

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1996: Edward W. Desmond, Japan's total personal savings are $13 Trillion.

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1996:  Japan Statistical Yearbook, 1998, page 462, added an additional 213 trillion yen ($1.9 Trillion) to Postal Savings.

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1997:  United Nations "Statistical Summary" reports the balance in Japan's Postal Savings Account is $22 Trillion.

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1997: Family Income and Expenditure Survey, $10,814 per household in monthly income, $6,966 in personal savings.

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1998:  of the world's top 50 commercial banks, 15 were Japanese with assets exceeding $5.2 trillion.

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1998:  World Bank Group estimates that Japan's GNP per capita is almost 50% higher than ours.

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1999: Asiaweek's column  Bottom Line reports savings averaged 31-34% of GDP.

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1999: Nomura Research, savings rate was 25% in Japan, negative 1% in the U.S.

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1999: Family Income and Expenditure Survey, $9,819 per household in monthly income, $5,040 in personal savings.

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2000:  Yoshihiko Miyauchi, personal savings are $11.8 trillion of which $2.4 trillion are in Postal Savings.*

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2001:  Mizuho becomes world's largest bank, a quarter of a trillion larger than our largest bank, Citigroup, as Sumitomo Bank doubles to $1 trillion.

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2003: Family Income and Expenditure Survey, average household saved $3,275 per month, indicating that an additional $1.8 trillion will be added to personal savings this year.

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2003: Gross savings are 49% of GDP.

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2003: Monetary base exceeds $94 trillion, up from $71 trillion one year ago.

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1960-2003:  Cumulative personal savings estimated to exceed $40 trillion.

*In just one decade, 1990 to 1999, Japan added more than $15 trillion to personal savings, so how could their total personal savings be only $11.8 trillion?

savingsrates.gif (14219 bytes)


The following statement from http://www.boj.or.jp/en/stat/boj/mbt0310_f.htm answer the question of whether or not Japan's Postal Savings Accounts [called Japan Post
on the above page] are included in the monetary base reported on the page at
http://www.stat.go.jp/english/19.htm .


"Since the Japan Post is not subject to the reserve requirement system, the
deposit of the Japan Post will not be included in Reserves. But it will be
included in Current Account Balances excluding Reserve Balances."

What this says is that the monetary base does include the PSAs, whereas the page posted at http://www.boj.or.jp/en/stat/boj/mbt0310_f.htm does not.

This means that total assets in Japan's PSAs are:

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10,361 trillion yen = total monetary base

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less 105 trillion yen = monetary base excluding PSAs

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equals 10,256 trillion yen = total amount in PSAs = $93.2 trillion


Cumulative savings in the PSAs must be in that range, but this $93.2 trillion is 2-3 times higher than has been previously estimated

ERRATA

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The December 1997 Family Income and Expenditure Survey now archived states in the body of the page that "average monthly income per household stood at 1,189,572", for personal savings of $6,028 per month, but the graph attached to the page reports income to be only 471,868 yen, or $6,525 less.

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The December 1999 Family Income and Expenditure Survey, removed from http://www.stat.go.jp/156.htm is now archived at www.archive.org and reports "average monthly income per household stood at 1,080,114 yen", or $9,819 per month (and savings per household that month of $5,040).

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The November 2001 Family Income and Expenditure Survey which was posted on the Japanese government web site reported "average monthly income per household stood at 458,478 yen", but the graph attached to the page on the archive shows it to be 638,857, or 180,379 yen or $1,640 higher.

 


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TRAITOR McCain

jewn McCain

ASSASSIN of JFK, Patton, many other Whites

killed 264 MILLION Christians in WWII

killed 64 million Christians in Russia

holocaust denier extraordinaire--denying the Armenian holocaust

millions dead in the Middle East

tens of millions of dead Christians

LOST $1.2 TRILLION in Pentagon
spearheaded torture & sodomy of all non-jews
millions dead in Iraq

42 dead, mass murderer Goldman LOVED by jews

serial killer of 13 Christians

the REAL terrorists--not a single one is an Arab

serial killers are all jews

framed Christians for anti-semitism, got caught
left 350 firemen behind to die in WTC

legally insane debarred lawyer CENSORED free speech

mother of all fnazis, certified mentally ill

10,000 Whites DEAD from one jew LIE

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f.ck Jesus--from a "news" person!!

1000 fold the child of perdition

 

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