"But retail investors such as the baby-boomers are a largely untapped source of funds for the Tokyo market, mainly because they have been happy to keep so much of their savings in the bank. In this respect, they are practically the mirror image of Americans: while the Japanese kept 51 per cent of household financial assets in bank accounts last year, compared with 17 per cent in stocks and other investments, US investors held 52 per cent in stocks and left just 13 per cent in the bank."
Could this be part of the explanation for the low level of US savings?
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