Why do nihonjin hoard cash?
>>225562747I've heard it's the legacy of the balance sheet recession
>>225562747During the bubble, investments were wiped out and the nips collectively had a trauma about investing
>>225562747Do they hoard in yen or dollars? Because the former would be retarded considering each year the yen is worth less
>>225562747My father is the same. Has been hoarding cash like mad since he started his business. 80% of his balance sheet is cash. Not invested in anything, not even in the bond market. Crazy stuff
>>225562747No inflation means there's no incentive to spend your cash.
>>225563508They've had inflation since covid thoughever