Foreign currency investments held by almost one in six Japanese
Given that the interest rates on saving in Japan are laughably miniscule, I am surprised by the results of this survey from MyVoice into the usage of foreign currency savings (the sixth time the survey has been conducted) showing that about as many people are profiting (or not as the case may be) from exchange rate movements as from superior interest rates.
Demographics
Over the first five days of May 2009 14,952 members of the MyVoice internet community completed a private online questionnaire. 54% of the sample were female, 2% in their teens, 14% in their twenties, 34% in their thirties, 31% in their forties, and 19% aged fifty or older.
I’ve got a bit of foreign savings (as I’m sure all my resident foreigner readers do!), but given the recent collapse in the UK pound exchange rate and in UK interest rates it’s not doing terribly well, to say the least! I’m not interested in active trading, however.
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