Desperate Japanese Housewives
I saw an interesting article in the New York Times about Japanese housewives who are taking a hit financially since the credit markets have taken a downturn. These housewives are Japanese homemakers who moonlight as amateur currency speculators.
Tens of thousands of married Japanese women ventured into online currency trading in the last year and a half, playing the markets between household chores or after tucking the children into bed. While the overwhelmingly male world of traders and investors here mocked them as kimono-clad “Mrs. Watanabes,” these women collectively emerged as a powerful force, using Japan’s vast wealth to sway prices and confound economists.
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Posted, in Business News, by Nora Richardson on September 17, 2007 | Permalink
Comments
Hmm, I am a currency trader in Japan and I have never heard about this.
Facts About Japan
Posted by: Greg | July 1, 2008
I am a forex trader and in fact ladies can be a better trader than man as they are able to identify and observe area that we guys sometime miss out.
Personally, I feel that the switch of these Japanese housewives to get into forex trading is a good move because forex trading is really a recession proof business to get into.
Posted by: Kelvin Lee | May 9, 2009