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Fri, Jan. 9th, 2009 01:36 am
Capitalism: doesn't it make you (mentally) sick?

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akabe
akabe
alin huma
Fri, Jan. 9th, 2009 02:10 pm (UTC)

you're obviously unaware of the lending system in japan. banks are the tip of the iceberg.

also you're always unfair on your fellow anglo-saxons - if somehow they suffer more from wide-screen tv-ism and stuff that simply means that their immune system must be more sensitive to it and if anything they deserve more sympathy and understanding. the whole world is on the same trip.


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imomus
imomus
imomus
Fri, Jan. 9th, 2009 03:01 pm (UTC)

I'm aware of the lending system in Japan -- I say above "Short-term loans are, however, becoming more popular in Japan." Those, as you know, started as non-banking and even yakuza-owned outfits. But more recently they've been bought by mainstream banks and given much more official legitimacy. For instance, Acom was bought by UFJ bank in 2004. Acom stands for "Affection, Confidence, Moderation", which I think is a lovely name for a loans company!


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(Anonymous)
Fri, Jan. 9th, 2009 09:13 pm (UTC)

I'm afraid what you say above and your earlier observation about how the declining savings rate doesn't matter because Japan has a big pool of savings are strong indications that you don't have a good grasp on how the credit markets work in Japan.


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