Japanese Government Has 2.4 Trillion Yen ($20 billion) in Surplus Funds
The Japanese government for the first time admitted to having 2.4 trillion – that’s a "T" – in their special accounts. That’s about $20 billion.
Almost half of that -980 billion yen ($8 billion) are surplus funds for the Japanese pension plan.
The surplus fund for the development of power sources has more than 180 billion yen ($1.4 billion).
The money has been sitting dormant for the past couple of years with no decision made on how to use it and all the Japanese wondering why they keep throwing money into it.
Worse yet, the Japanese are NOT wondering why they are throwing money at the government when the government is not using all that is has.
Am I the only one who thinks there is something wrong with this picture?
What do you think?
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October 20, 2006
Yes, it sounds ridiculous that the money is catching dust when it can be pumped into the Japanese economy to revive it. Another surprising fact is one third of world’s personal savings are held by the Japanese ! It is the trendency of playing safe which causes this hoarding.