[watchandwait]

Japan is a nation of savers and has a massive domestic pool of savings. Also, Japan will drop below investment grade within the next ten years as those savers retire.

America, on the other hand, needs to borrow internationally.

[chailatte]

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...