Foreign currency investments held by almost one in six Japanese

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Have you ever had foreign currency savings or done FX? graph of japanese statisticsGiven 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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Saving money in Japan

Last year, how much did you manage to economise at home? graph of japanese statisticsWith the economic gloom building, here is a timely look with MyVoice at economising in daily life.

Demographics

Over the first five days of January 2009 13,932 members of the MyVoice internet community successfully completed an online questionnaire. 54% of the sample were female, 1% were in their teens, 14% in their twenties, 37% in their thirties, 30% in their forties, and 18% aged fifty or older.

I was saving money on most things last year, and this year will see further savings given the possibility of all overtime being stopped and having had the more immediate shock of getting a 20,000 yen gas bill for last month.

Of course, rather than economising I want more income (AdSense has died a death!), and to that end I have three new web site ideas in the pipeline and one renewal of an older property, but more of that in other posts!

Finally, before I forget, be sure to check out Nihon Hacks for how to save money in Japan.
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One in three Japanese has home loan

Do you or your spouse have a home loan? graph of japanese opinionOver the first five days of April 2007 MyVoice surveyed its internet community regarding home loans.

Demographics

17,241 members of the MyVoice internet community completed a private internet-based survey. 54% were female, 19% in their twenties, 40% in their thirties, 26% in their forties, and 15% in their fifties. Note that since one needs to be over 20 to get a loan, teenagers were excluded from this survey.

I have a loan, and I fall into the higher brackets in Q3 and Q4. Note that contrary to popular belief, it is not impossible for non-permanent residents to get a home loan, although naturally, any credit scoring that takes place will be rather harsh on those without demonstratable commitment to Japan. I got mine whilst in the process of applying for permanent residency, although they did not ask for any proof that this was actually the case. I am also a full employee (正社員, seishain) of a major company, so that no doubt helped me get a scary multiple of my salary as a loan, one which I am due to be paying off until I am 75…
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Over one in four salarymen do online trading

How long have you been trading online? graph of japanese opinionjapan.internet.com recently published the results of an opinion poll conducted by JR Tokai Express Research into the subject of online stocks and shares trading. They interviewed 330 people employed in public or private enterprises; 82.4% of the sample was male, 10.9% in their twenties, 49.1% in their thirties, 32.7% in their forties, 6.7% in their fifties, and 0.6% in their sixties.

I know there’s a few people in my office who do online trading, but I don’t know what sort of portfolio they have outside of the company’s own employee share system, or how active they are. I used to have a few shares from privatisations back home, and come to think of it, I might even have some hiding somewhere that I’ve lost touch with. Didn’t Standard Life go private recently and give away many free shares to the policy holders?
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