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

"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> "Christian Party" <[EMAIL PROTECTED]> wrote:
> >> http://www.stat.go.jp/english/data/handbook/c04cont.htm
> >> gives a figure showing the postal savings, though the exact amount is
> >> not given:
> >> Figure 4.5 shows the assets of the Postal savings system to be around
> >> 280 trillion yen or $2.4 trillion.
> >
> >You need to do a sanity check on that page.
>
> Why do you insist on sanity checks when you don't like the numbers,
> but blithely accept the official number for the monetary value when it
> is 100 times the number reported in the source document referenced,
> when it is a number you like?
>

Because the blithering numbers you're accepting are off by two orders of
magnitude using any and all estimates of Japan's actual savings rate?

Because I know from direct blithering observation what the Japanese savings
habits are?

Because it's blithering absurd for you to think that Japan's total savings
could be only $2.4 trillion when the Japanese might have saved that much in
one year, most of which was deposited in PSAs?



> >IF "Net savings and insurance
> >was 79,900 yen/mo or $695/mo" in the average workers' household, then 40
> >million worker's households in Japan saved only $333.6 billion, less than
7%
> >of GDP.
>
> The number reported is the number reported.
>
> >Numerous sources put Japan's savings rate at 33% of GDP, or $1,650
billion,
> >so where did the other $1,316.4 billion go?
>
> Maybe they are reporting something else.
>

Very good.  If you look at it closely, you'll see your error.

John Knight





ps--here's a hint.  What you posted was a subset of the data, and it was not
a randomly selected subset.