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
this is very interesting, it would be intriguing to find out if this really is true. according to one previous poster he had never heard about it and he was from Japan.
Makes you think a little bit though
Posted by: Brian | July 9, 2009
I agree. Women are more practic and they are very precise. They follow the trading rules better than men. This the reason that I propose to my wife (italian) to do some few tradings/investments for us. Particularly she loves hyips...and we're investing and monitoring about 30 of these programs.
www.axelmoneymonitor.com
What do you thing about hyips?
thanks a lot
deb
Posted by: debig22 | July 14, 2009