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

"Christian Party" <[EMAIL PROTECTED]> wrote:
>"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
>news:[EMAIL PROTECTED]
>> "Christian Party" <[EMAIL PROTECTED]> wrote:
>> >> You could also look at Table 67: Average Monthly Receipts and
>> >Disbursements
>> >> of Workers' Households
>> >>
>> >> For 2002, Disposable Income was listed as $452,501 yen, of which
>$330,651
>> >> was spent.
>> >>
>> >> <silliness deleted>
>> >>
>> >> James Powell
>> >
>> >This was not income per household, but GDP per household,
>>
>> which means it has nothing to do with savings, since GDP doesn't go
>> into household bank accounts.
>
>What are you trying to say?  A component of Japan's GDP on the link you MUST
>have read already was the $1,277 billion in gross capital formation which
>consists of personal saving, undistributed corporate profits, corporate
>consumption of fixed capital, noncorporate consumption of fixed capital,
>government consumption of fixed capital, and government deficit or surplus.
>
>Read:  personal saving is a COMPONENT of GDP, and it does go into household
>bank accounts (as well as PSAs).

My statement was that "GDP per household" has nothing to do with
savings.

>You already know from your study of http://www.stat.go.jp/english/19.htm ,
>which now shows Japan's monetary base to be $97.5 trillion (up more than $24
>trillion from a little over a year ago),

Pure bullshit number.

>that $319.9 billion of this $1,277 billion is the *surplus* of Japan's government 
>operations.

There is no surplus.  Japan's government operates at a deficit.  The
deficit is funded with bonds, some of which are invested in by
households.

Meanwhile Japan's government operations have nothing to do with gross
capital formation.

You are just waving big numbers around without a clue whether they are
related or how.

>> >When those and other factors are included, real gross savings
>> >is 49% of GDP,
>>
>> No.  Savings is not merely that portion of GDP that isn't expended by
>> households.  If you apply the same calculation to the US numbers or
>> any other country's numbers, you would get very high "savings rates".
>> Of course nothing is being saved by your silly calculations.
>
>Wrong.  http://w3.access.gpo.gov/usbudget/fy2003/erp.html shows that gross
>savings in the US in 2000 was only $1,786 billion, or 17.9% of our $10
>trillion GDP, a third of Japan's gross savings rate.

It is a lot higher than the "negative savings rate" that you claim.

>Why do we have no personal savings?

I do.  I don't know about you.

> Because our government spending per household is $39,754 per year theirs is only 
> $21,302.

Nothing to do with personal savings rate.

>> >including at least $300 billion in surpluses in the Japanese
>> >government budget.
>>
>> Not relevant to household income, household expenses or household
>> savings.
>
>When Japan's cost of government is so low that government savings are more
>than $300 billion per year,

It isn't.

>it's highly relevant to household expenses and savings,

Nope.

>because this is one of the primary reasons they also have a high
>personal savings rate.

Nope.

>> Because you haven't a clue what monetary base is, and it did no such
>> thing.
>
>Japan still hasn't responded to your demand 

What demand?

>that they reduce their estimate
>of the size of their monetary base from $97 trillion to less than $1
>trillion, have they?

On several pages other than the one you cite, they use the smaller
number.  

lojbab
-- 
lojbab                                             [EMAIL PROTECTED]
Bob LeChevalier, Founder, The Logical Language Group
(Opinions are my own; I do not speak for the organization.)
Artificial language Loglan/Lojban:                 http://www.lojban.org