Hiroshi Kosaka has an unorthodox pitch for his realty business: instead of pictures of swanky condominiums his website featurescheap michael kors bagJapanese debt statistics and budget meltdown scenarios usually left to credit rating agencies.
His firm is part of a cottage industry that has sprung up to help worry-prone Japanese savers get out of the yen and find property overseas that could serve as a safe haven in a financial disaster. The trend comes against the backdrop of michael kors bagsa deepening pessimism about Japan's economic future that has made "Escape from Japan" a hot-selling business book and helped drive sales of second homes from New Zealand to Malaysia.
Dire statistics on Japan's public debt, which tops two years' worth of its economic output, make a convenient talking point at Kosaka's MK Michael Kors Grayson seminars in Tokyo. Many people are wary of the government's plan to raise taxes and have lost trust in high-tech Japan's nuclear energy after last year's devastating earthquake and tsunami wrecked a plant in Fukushima, causing the worst nuclear disaster since Chernobyl in 1986.
"A lot of people tell me MK Michael Kors New Arrivals they are worried about nuclear radiation. People also tell me they are worried about an economic disaster in Japan," Kosaka says.
Even if the outflow of funds remains a relative trickle, it challenges the consensus that Japan will avoid a Greek-style debt crisis because Japanese investors have shown a strong "home bias" and fund almost all of theMK Michael Kors Tote Bags government's $10 trillion in debt. But that could change if more Japanese become willing to plan a future abroad.