Japan's famous savings rate, just like its famous work ethic, is nothing but a myth anymore. It stands now at 2% in 2009. (and its famous work ethic...no more

Japan's famous savings rate, just like its famous work ethic, is nothing but a myth anymore. It stands now at 2% in 2009. (and its famous work ethic...no more. 30% of its working population is part-time. look up 'freeter') http://belfercenter.ksg.harvard.edu/publication/20397/japans_savings_crisis.html http://belfercenter.ksg.harvard.edu/publication/20397/japans...