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Savers are bad for business because liquidity stops when money hits them. US has such a strong economy because barely anyone save. Japan had so much savings th
by Aperocky 7y ago
Savers are bad for business because liquidity stops when money hits them.
US has such a strong economy because barely anyone save. Japan had so much savings that they literally need exports to survive, there’s no home market to speak of because everyone save so much. Once export tanks, their economy tank.
- econcon 7y agoExports account for 25% of Japan's GDP. So in all - it has strong local market.