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February 2010
 
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Fri, Jan. 9th, 2009 01:36 am
Capitalism: doesn't it make you (mentally) sick?

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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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