| FishyJoe said: The Asian markets are getting pummeled, especially Japan. The dropoff is even faster than 2004 although it still hasn't sunk that low yet. I don't know how the Japanese can accept such a bad stock market for so long. |
Because the average Japanese Joe isn't as invested and dependant on the stock market as the average american ( due to 401k here).
Japanese have huge savings outside of the stock market ( yes savings, as a culture they tend to save a lot of money in non risky scheme).
One of the challenge to get the Japanese economy going the last 5 years or so ( internal growth has been quasi null and they even had recession) is to get Japanese customers to actually spend some of their savings...
PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !
PS3-Wii gap : 20 millions and going down !
