One dollar equals 120.38 yen on March 12, 2001

http://www.stat.go.jp/english/156b.htm

Income

Disposable Income

Living expenditure

Taxes

Personal savings

1998

C.Y.

Average

$4,892.14

$4,119.35

$2,936.97

$772.79

$1,182.38

1999

$4,773.85

$4,019.85

$2,875.70

$754.00

$1,144.15

2000

$4,659.86

$3,927.75

$2,832.51

$732.11

$1,095.25

1997

F.Y.

Average

$4,950.68

$4,140.00

$2,945.80

$810.68

$1,194.20

1998

$4,892.00

$4,111.02

$2,923.53

$780.99

$1,187.48

1999

$4,741.29

$4,000.48

$2,866.93

$740.80

$1,133.55

1999

Oct. ` Dec.

$5,607.54

$4,880.49

$2,972.58

$727.06

$1,907.91

2000

Jan. ` Mar.

$3,984.86

$3,338.96

$2,802.43

$645.90

$536.53

Apr. ` June

$4,781.91

$3,916.13

$2,803.45

$865.78

$1,112.68

July ` Sep.

$4,400.59

$3,709.06

$2,783.15

$691.53

$925.91

Oct. ` Dec.

$5,472.10

$4,746.86

$2,941.00

$725.24

$1,805.86

2000

January

$3,812.90

$3,185.86

$2,765.63

$627.04

$420.23

February

$4,036.09

$3,395.64

$2,589.92

$640.46

$805.72

March

$4,105.59

$3,435.37

$3,051.75

$670.22

$383.62

April

$4,189.13

$3,523.72

$3,042.86

$665.41

$480.85

May

$3,817.05

$2,876.17

$2,734.94

$940.89

$141.23

June

$6,339.54

$5,348.52

$2,632.53

$991.02

$2,715.99

July

$5,307.00

$4,496.64

$2,925.70

$810.36

$1,570.94

August

$4,187.91

$3,536.74

$2,763.19

$651.17

$773.55

September

$3,706.85

$3,093.81

$2,660.57

$613.04

$433.24

October

$4,047.60

$3,400.43

$2,734.95

$647.17

$665.48

November

$3,782.74

$3,158.27

$2,594.92

$624.47

$563.35

December

$8,585.96

$7,681.87

$3,493.13

$904.09

$4,188.74

2001

January

$3,759.01

$3,148.46

$2,766.50

$610.55

$381.97

$55,918.38

$47,133.05

$33,990.10

$8,785.33

$13,142.95

History is Made:  US Personal Savings rate goes negative for the first times since the Great Depression, down from 26% in 1944, at that same time that bankruptcies reach a record level.

Even with a net worth per household of a NEGATIVE $77,000 in the US, half a trillion dollars is taken from men taxpayers who earn it and handed over to single-mother households who spend it.

Japan continues to save 34% of GDP each year while US saves 15%.

Japan's savings now exceed $25 Trillion.

Of the world's top 52 commercial banks, 17 are Japanese with assets of $5.6 trillion

Average net worth per household in Japan in 1994 was $488,636, vs. a NEGATIVE $77,000 in the US.

Excluded from this government estimate are Japan's Personal Savings which are in private Postal Savings Accounts (PSAs).

The average Japanese worker's monthly income of $9,819 is $5,037 higher than his living expenditure.

US mainstream media reports that Japanese economy is "on the verge of collapse" are wrong: such misrepresentation of the US economic disaster is irresponsible!