September 27, 2014

East Asian corporate savings estimated at $US2.5 trillion





Japanese currency copyright peter hanami 2005
  Picture: Japanese currency


 
  "Japanese firms hold ¥229 trillion ($2.1 trillion) in cash, a massive 44% of GDP. Their South Korean counterparts hold 459 trillion won ($440 billion) or 34% of GDP. That compares with cash holdings of 11% of GDP, or $1.9 trillion, in American firms."


Source:
A $2.5 trillion problem
The Economist online edition
Sep 27th 2014
http://www.economist.com/news/leaders/21620203-japanese-and-south-korean-firms-are-worlds-biggest-cash-hoarders-hurts-their

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