Hi....
I was wondering if anyone had any thoughts on your average working professional in Japan has invested and fared over the last 20 years.
Reason I ask is that if the UK is headed towards a Japanese style stagnant couple of decades with with 0% interest rates, how has the average person invested their money and saved for retirement? If they had been ploughing into domestic risk assets for the last 20 years I don't think they would be sat too pretty at the moment looking at the history of the Nikkei since 1990 (i acknowledged the nikkei has rocketed the past 2-3 years).
Does anyone have any further reading on this, or long term investment strategies in a similar environment?
I know everyone generally seems to think if you have long investment horizon, stocks are your best bet, but i don't think that is true in the case of Japan. I suppose they could have looked at foreign markets, but if all developed markets are in the same situation, where do you look?
Any thoughts or suggested reading much appreciated...