“If private Japanese investors, e.g. through mutual funds, decided to buy $1 trillion in US stock at the present low level of the dollar, they could have most of the US financial sector.”
Golly, they surely must be idiots not to do so if this is accurate.
That's the reason for the 60 points. They can't. Jap brokers service Jap companies. Foreign financial institutions have been kept out. Just like in Communist China. ChiComs can only invest in Red China.
Interest rates are at 0.5%. Not every individual is in hock and committing suicide. There are plenty who must save for old age. Most of them save in the Postal Saving at about .5%. They have no family to help out.
yitbos