Re: Does Japan's $93 trillion monetary base include their Postal Savings Accounts?

"Christian Party" <[EMAIL PROTECTED]> wrote in message
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>
> "James Powell" <[EMAIL PROTECTED]> wrote in message
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> > "Christian Party" <[EMAIL PROTECTED]> wrote in message
> > news:[EMAIL PROTECTED]
> > >
> > > "James Powell" <[EMAIL PROTECTED]> wrote in message
> > > news:[EMAIL PROTECTED]
> > > > "Christian Party" <[EMAIL PROTECTED]> wrote in message
> > > > news:[EMAIL PROTECTED]
> > > > > "Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
> > > > > news:[EMAIL PROTECTED]
> > > > > > "Christian Party" <[EMAIL PROTECTED]> wrote:
> > > > > > >"Ron Peterson" <[EMAIL PROTECTED]> wrote in message
> > > > > > >news:[EMAIL PROTECTED]
> > > > > > >> In sci.econ Christian Party <[EMAIL PROTECTED]> wrote:
> > > > > > >>
> > > > > > >> > Would you like to guess what their ACTUAL personal savings
> rate
> > > is?
> > > > > > >>
> > > > > > >> Yes, and what equities are backing their savings?
> > > > > > >
> > > > > > >In Japan, and even at one time in the US, Personal Savings and
> > > equities
> > > > > are
> > > > > > >two separate things.
> > > > > >
> > > > > > Nonsense.  Where do you think that personal savings went?  Do
you
> > > > > > think the banks let it sit in their vaults?
> > > > > >
> > > > > > lojbab
> > > > >
> > > > > PSAs are not banks.  They operate under completely different, and
> > > > > undisclosed, rules.  95% of our $7 trillion public debt [read:
> > T-bills]
> > > is
> > > > > owned by foreign "investors", probably the majority of which is
> owned
> > by
> > > > > Japan's PSAs.  Maybe it was used to manipulate our "stock market",
> > which
> > > > > suddenly lost $8 trillion in value in the last 2-3 years.  Maybe
> they
> > > > funded
> > > > > the almost complete purchase of our "news" sources, which are now
> > owned
> > > > > mostly by foreign "investors".  The options are limitless when you
> > have
> > > > $93
> > > > > trillion to play with and no government to tell you what to do
with
> > it.
> > > > >
> > > > > John Knight
> > > >
> > > > Are you ever going to be right about something Johnnie? While 64% of
> the
> > > > money remains
> > > >
> > > > Postal Savings in Japan, 2003 Annual Report
> > > >
> > > > Breakdown of Investment by Type (¥ billion; %)
> > > >
> > > >  FY 2001-beginning
> > > >  FY 2001-end
> > > >
> > > > Securities
> > > >   72,167.6 (30.2)
> > > >   90,110.0 (38.6)
> > > >
> > > > Government bonds
> > > >   52,687.8 (22.0)
> > > >   71,846.3 (30.8)
> > > >
> > > > Municipal bonds
> > > >   9,851.3 (4.1)
> > > >   9,428.8 (4.0)
> > > >
> > > > Public corporation bonds
> > > >   2,520.4 (1.1)
> > > >   2,876.1 (1.2)
> > > >
> > > > Corporate bonds
> > > >   3,267.5 (1.4)
> > > >   2,884.1 (1.2)
> > > >
> > > > Foreign bonds
> > > >   3,840.6 (1.6)
> > > >   3,074.6 (1.3)
> > > >
> > > > Loans
> > > >   723.8 (0.3)
> > > >   1,774.3 (0.8)
> > > >
> > > > Loans to local governmental bodies
> > > >   22.5 (0.0)
> > > >   1,136.2 (0.5)
> > > >
> > > > Loans to depositors
> > > >   701.4 (0.3)
> > > >   638.1 (0.3)
> > > >
> > > > Entrusted money (designated money in trust)
> > > >   10,540.1 (4.4)
> > > >   10,540.1 (4.5)
> > > >
> > > > Deposits, etc.
> > > >   2,696.9 (1.1)
> > > >   1,666.9 (0.7)
> > > >
> > > > Total assets under autonomous investment
> > > >   86,128.4 (36.0)
> > > >   104,091.3 (44.6)
> > > >
> > > > Entrusted money to the Fiscal Loan Fund
> > > >   153,093.0 (64.0)
> > > >   129,370.0 (55.4)
> > > >
> > > > Total
> > > >   239,221.4 (100.0)
> > > >   233,461.3 (100.0)
> > > >
> > > >
> > > > http://www.japanpost.jp/top/disclosure/e2003/cyokin/pdf/08.pdf
> > > >
> > > >
> > >
> > > Why do you always pretend like you know what you're talking about,
> James?
> > >
> > > You don't have a clue what you just posted.  Why don't you explain why
> the
> > > report you posted would show that PSA's have assets of only $2.6
> trillion
> > > when Japan's savings rate is 33% of GDP, and when their 2002 GDP was
$5
> > > trillion?
> > >
> > > Just in that one year, Japan, a country with a $300 billion budget
> > SURPLUS,
> > > added another $1,650 billion to savings.
> > >
> > > Why don't you explain to us what happened to the rest?
> > >
> > > John Knight
> > >
> >
> > Hey, numnuts. Why don't YOU explain it? Those numbers are the OFFICIAL
> > report from Japan Post. Maybe they can explain where your mythical money
> is
> > at. (Have you checked ALL of your orifices?)
> >
> > James Powell
> >
> >
>
> This is your reference, Jimmie.  You track it down.
>
> John Knight

What's to explain? The numbers are the numbers. You don't like them, prove
them wrong or take it up with the publisher.

I am not the one in a lather about Japanese savings habits.

>
>
> ps--here's a hint.  The AVERAGE workers' household in Japan in December
1999
> socked away another $5,000 in savings in just that one month.

So? And how do you know that was not the total scraped up for the last 6
months, deposited at the end of the year when it was determined to be
"surplus"? I routinely 'siphon' money from my checking to my savings once I
have determined it won't be needed for immediate expenses.

> What does that tell you about this PSA report?
> http://members.fortunecity.com/zz8/japan1999income.htm
>
>

That we only have your word these numbers really exist.

James Powell