"... Japanese people are somewhat crazy about their savings. They tend not to invest but instead put it in banks ..." Maybe because they are more experienced

"... Japanese people are somewhat crazy about their savings. They tend not to invest but instead put it in banks ..." Maybe because they are more experienced with an older culture. It makes sense to have cash in hand with larger, older populations. You can see the consequences of not doing this reading the quote below... "... the deteriorating financial condition of our federal government in the face of skyrocketing health-care costs and the baby-boom retirement could fairly be described as a super-subprime crisis ..." This is the reality of US retirees who will hit the US economy very soon ~ http://news.ycombinator.com/item?id=351351 http://news.ycombinator.com/item?id=351351