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Personal Savings & Incomes

U.S. vs. Japan

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History is Made:  US Personal Savings rate goes negative for the first times since the Great Depression, down from 26% in 1944, at that same time that bankruptcies reach a record level.

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Even with a net worth per household of a NEGATIVE $77,000 in the US, half a trillion dollars is taken from men taxpayers who earn it and handed over to single-mother households who spend it.

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Japan's personal savings record:

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Asia Week's Bottom Line:  Japan saves 34% of GDP versus only 15% in the US.

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Nomura Research:   Japanese households saved an average of 23.9% of their incomes between 1980 and 1994.

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Princeton Economic Institute:  Japan's PSAs (Postal Savings Accounts) contained $10 trillion in 1996.

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Fortune Magazine:   Japan had $13 trillion in postal savings accounts in 1997.

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International Monetary Fund:   Japan's 1992 savings were 34% of GDP compared to only 11% in the US.

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OECD: Japan's gross private savings rate is 28% of GDP.

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The Japanese government web site reports:

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The average Japanese family saved another $14,383.20 in the year 2000, adding another 64.5 trillion yen, or $587 billion to their savings.

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The official Japanese worker's average monthly income of $9,819 in December 2000 was $5,037 higher than his average monthly living expenditure.

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Average net worth per household in Japan in 1994 was $488,636 (compared to a NEGATIVE $77,000 in the US).

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Possibly excluded from government estimates are Japan's personal savings in semi-private Postal Savings Accounts (PSAs).

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Deposits in postal savings accounts now exceed $25 Trillion.

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Of the world's top 52 commercial banks, 17 are Japanese with assets of $5.6 trillion

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US mainstream media reports that Japanese economy is "on the verge of collapse" are wrong: such misrepresentation of the US economic disaster is irresponsible!

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Compare the above to the official Japanese government figures.

 

japansaving.gif (36121 bytes)

japansaving2.gif (35727 bytes)

japansaving3.gif (36222 bytes)

japansaving10.gif (35530 bytes)

japansaving4.gif (36195 bytes)

If you would like to provide comments on the other ways to project the value of the yen, please click here.

 

wpe1.jpg (57548 bytes)

551,200 yen = Income

86,400 yen = Taxes

335,000 yen = Living expenses

129,800 yen = Savings = "Surplus" plus "Net savings and Insurance" = 23.5% of income

With average propensity to consume being 72.1% in 2001, personal savings would have been 27.9% of disposable income and 23.5% of total income, which would have been $1,081 per household at 120 yen to the dollar and $1,621 at 80 yen to the dollar.   With 46 million workers' households, this would have been 46 million x monthly income x 12 months = $580 billion to $895 billion per year in personal savings.  The true damages to the average Japanese household due to the "Asian economic crisis" thus was a 2.1% decrease in personal savings that year.

Over a period of 42 years, from 1960 to 2002, however, the monetary base of Japan's central bank increased to $71.5 trillion dollars, making this savings figure appear to be artifically low.  If this had been Japan's average savings rate over that time, total personal savings would have been less than $14 trillion.  But Japan saved 4.7 trillion yen in 1960 which was worth only $11.8 billion at 400 to the dollar, and at 80 yen to the dollar, it was worth $58.5 billion.  At that rate, Japan's cumulative savings between 1960 and 2002 should have been 3,420 trillion yen ($28.5 trillion at 120 yen to the dollar and $42.7 trillion at 80 yen to the dollar and).

Doom and gloom stories which have been in the American "mainstream media" in the last 42 years are inconsistent with these savings figures as well as the increase in Japan's GDP increase during that time (which was 17 fold in gold, 38 fold in yen, 124 fold in dollars). Some sources, like Asia Week, report that Japan's actual savings rate is 33% of GDP, not the 24% reported by the Japanese government web site. Using only 30% as their savings rate, in only the last 42 years, Japan MUST have saved the equivalent of $28.5 trillion at 120 yen to the dollar and $42.7 trillion at 80 yen to the dollar.

We need an "Asian Economic Crisis" like the one Japan had.

Japan's Cumulative GDP & Savings by Year

Yen per dollar

GDP, Trillions of Yen

GDP Billions of Dollars

GDP billion ounces of gold

Annual % change in GDP in yen

Annual % change in GDP in dollars

Annual % change in GDP in gold

Dollars per ounce of gold

Yen per ounce of gold

Annual Savings Trillions of Yen

Annual Savings Trillions of Dollars

1960

400

15.5

39

1.1

37

14,600

5

0.013

1961

366

18.5

51

1.4

19.40%

30.20%

34.00%

36

12,993

6

0.016

1962

380

21.5

57

1.6

16.20%

12.10%

12.70%

35

13,433

6

0.016

1963

350

24.5

70

2

14.00%

23.70%

24.40%

35

12,338

7

0.020

1964

350

30

86

2.4

22.40%

22.40%

21.60%

35

12,373

9

0.026

1965

355

36

101

2.9

20.00%

18.30%

18.20%

36

12,603

11

0.031

1966

360

42

117

3.3

16.70%

15.10%

15.40%

35

12,744

13

0.036

1967

355

50

141

4

19.00%

20.70%

20.30%

36

12,603

15

0.042

1968

365

59

162

3.7

18.00%

14.80%

-6.30%

44

15,878

18

0.049

1969

339

65

192

4.7

10.20%

18.60%

25.80%

41

13,899

20

0.059

1970

329

70.9

216

5.5

9.10%

12.40%

18.40%

39

12,798

21

0.064

1971

320.1

86

269

6

21.30%

24.70%

8.70%

45

14,275

26

0.081

1972

301.2

101

335

5.3

17.40%

24.80%

-12.80%

64

19,231

30

0.100

1973

280.2

116

414

3.9

14.90%

23.50%

-25.90%

106

29,834

35

0.125

1974

300.4

131

436

2.4

12.90%

5.30%

-39.10%

184

55,206

39

0.130

1975

305.7

148.3

485

3.5

13.20%

11.30%

46.80%

139

42,577

44

0.144

1976

294.7

164.6

559

4.2

11.00%

15.10%

20.10%

134

39,422

49

0.166

1977

241

182

755

4.7

10.60%

35.20%

12.20%

161

38,828

55

0.228

1978

196

199

1,016

4.9

9.30%

34.50%

4.10%

208

40,779

60

0.306

1979

240.4

214

890

1.9

7.50%

-12.30%

-60.20%

459

110,330

64

0.266

1980

209.5

240.2

1,147

1.9

12.20%

28.80%

-0.50%

595

124,626

72

0.344

1981

219

257.4

1,176

2.9

7.20%

2.50%

52.30%

400

87,580

77

0.352

1982

241.9

269.6

1,114

2.5

4.70%

-5.20%

-15.30%

447

108,147

81

0.335

1983

234.5

280.3

1,196

3.2

4.00%

7.30%

26.50%

380

89,095

84

0.358

1984

248

298

1,202

3.9

6.30%

0.50%

23.50%

309

76,620

89

0.359

1985

202.8

320

1,578

4.8

7.40%

31.30%

24.20%

327

66,312

96

0.473

1986

162.1

330

2,036

5.2

3.10%

29.00%

7.90%

391

63,345

99

0.611

1987

128.2

343.2

2,676

5.5

4.00%

31.40%

5.60%

487

62,389

103

0.803

1988

123.6

417.3

3,376

8.2

21.60%

26.10%

49.60%

410

50,699

125

1.011

1989

143.7

414.6

2,886

7.2

-0.60%

-14.50%

-12.50%

401

57,620

124

0.863

1990

133.9

430

3,212

8.3

3.70%

11.30%

15.60%

386

51,708

129

0.963

1991

128

440.8

3,442

9.8

2.50%

7.20%

17.20%

353

45,217

132

1.031

1992

124

451.8

3,642

10.9

2.50%

5.80%

12.20%

333

41,305

136

1.097

1993

109.9

463.1

4,213

10.8

2.50%

15.70%

-1.70%

392

43,057

139

1.265

1994

100.2

474.6

4,738

12.4

2.50%

12.50%

15.00%

383

38,394

142

1.417

1995

101.9

483.2

4,744

12.3

1.80%

0.10%

-0.80%

387

39,416

145

1.423

1996

114

500.3

4,389

11.9

3.50%

-7.50%

-2.90%

369

42,059

150

1.316

1997

129.7

509.6

3,928

12.3

1.90%

-10.50%

3.20%

320

41,514

153

1.180

1998

117.1

498.5

4,258

14.4

-2.20%

8.40%

17.20%

296

34,653

150

1.281

1999

102.6

495

4,826

16.1

-0.70%

13.30%

11.80%

300

30,774

149

1.452

2000

112.2

532.8

4,749

17.6

7.60%

-1.60%

9.30%

270

30,297

160

1.426

2001

121.5

581.7

4,823

18.4

9.20%

0.80%

4.70%

260

31,590

175

1.440

2002

122.5

592.8

4,839

18.8

1.90%

1.10%

1.90%

261

31,591

178

1.453

2003

110

622.44

5,659

19.74

5.00%

387

42,570

187

1.698

Cumulative

12,022

86,240

308

4

5

4

244

42,439

3,608

25.869

Ratio 2002:1960

0.31

38

125

18

7.2

2.2

38

In spite of all the rhetoric about the "Asian Economic Crisis", we predict that Japan's GDP for 2003 will eventually be quietly announced at 622 trillion yen, or $5.7 trillion dollars, a GDP per capita of $44,524.

japangdp19602002.gif (51960 bytes)

 

TRAITOR McCain

jewn McCain

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LOST $1.2 TRILLION in Pentagon
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42 dead, mass murderer Goldman LOVED by jews

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

serial killers are all jews

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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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