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Investors: Japanese get squeamish

Most Japanese say they are not tempted to invest in the financial markets unless the economy begins to show clear signs of recovery, a newspaper reported yesterday. The Yomiuri Shimbun daily, citing a Cabinet survey released over the weekend, said 82.7 percent of people surveyed said they would not invest in stocks while 87.7 percent would avoid government bonds. And 87.5 percent would not put money into investment trusts. A total of 2,150 people responded to the survey conducted in May, before the recent volatility in global markets triggered by Wall Street's rollercoaster trading. Those surveyed cited lack of knowledge, the risk of a market crash, and lack of funds as their three main reasons for not investing.
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