Wall Street Journal (September 24)
“America’s billionaires love Japanese stocks. Why don’t the Japanese?” Despite enthusiasm from overseas, “there are few signs its estimated 125 million residents share in the excitement. Burned by dismal returns since the bursting of Japan’s asset bubble in the late 1980s and early 1990s, generations of families here have stashed most of their money in low-yielding savings accounts rather than trying to increase their wealth through the stock market.”
Tags: 1980s, 1990s, Asset bubble, Billionaires, Dismal returns, Enthusiasm, Excitement, Japan, Low-yielding, Money, Overseas, Residents, Savings accounts, Stashed, Stock market, Stocks, U.S.
Hidustan Times (August 30)
“Prime Minister Narendra Modi’s efforts to weed out black money through a ban on high-value currency notes haven’t yielded the desired results.” The Government estimated approximately one-third of the 15.4 trillion rupees in circulation on Nov. 8, 2016 “wouldn’t be returned to banks because it was stashed illegally to avoid tax.” In reality, 99.3% of the invalidated banknotes were returned. Only “107 billion rupees hasn’t yet been received by the Reserve Bank of India after the cash ban.”
Tags: Ban, Banknotes, Black money, Cash, Currency, Desired results, Government, Illegal, India, Modi, Rupee, Stashed, Tax
