The rationale for link-ups between Japanese asset managers and their western counterparts
The Japanese propensity for piling up savings is the stuff of financial servicers' dreams. For 40 years after the war, the Japanese maintained one of the highest savings rates on earth, and these savings were recycled into booming industries through an ingenious government-directed plumbing system of financial institutions which, although not by any means a truly capitalist market, did deliver the national goods - social stability and steady export-based economic growth.This legendary ability
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