Richard Cayne Meyer International Ltd – Inflation Coming To Japan

There is no question that inflation is here and will affect the average Japanese living in Japan in a more pronounced way than ever before in history says Richard Cayne who had lived in Japan for over 15 years in the 90s right up to 2010.

Richard Cayne Meyer said “During my time in Japan what was 100Yen in 1995 was 100 Yen in 2010.  This is far from “normal” in that having first hand experience seeing the prices of goods and services move upwards over the years Internationally as compared to back in my home city of Montreal Canada over the same period I felt as though nothing changed in Japan as the prices in Japanese Yen never seemed to move up much at all.  A very big shock is coming to most Japanese now that the Yen is finally weakening and inflation is coming online.

Japanese may not deal with this so well as few are prepared for inflation and what it means for to them and their purchasing power.  Most Japanese do not understand inflation or why there is need to get their money working for them and why it is so important to try and keep up with or outpace inflation”.  Richard Cayne at Meyer International Ltd therefore strongly suggests that growing ones money is an extremely important part of financial planning since inflation erodes the value of your hard earned savings.

Richard Cayne Meyer states “It will probably take a few more years of inflation where the average Japanese realize they have lost between 15-25% purchasing power of their currency by keeping it in a low yielding bank or post office account.  By then many financial companies with get on the bandwagon with campaigns showing how it makes sense to invest their money into something that can keep pace with or outpace inflation.  Of course that is exactly what Minister Abe wants and Richard Cayne is sure he will get his way.  Until then most Japanese will still resist the idea of investing as they view it to be risky, however after a few years of loosing their purchasing value of their hard earned savings they will start to change”.   Already it is happening and the poverty line in Japan is being tested by low income earners.  This is a trend that will continue for some time says Richard Cayne.

As Richard Cayne Meyer was in Tokyo Japan over a long time period of time he truly understands how pronounced and unbelievable inflation will be to Japanese over the coming years.  Particularly with seniors and Japan being a world leader in aging populations who typically do not invest at all and keep their funds in cash or cash like financial accounts.  Yet they rely not only on income but the need to preserve the spending power of their wealth and there is only one way to do that which is to invest in income producing and inflating assets such as in real estate and stock markets.  Richard’s suggestion is that Japanese need to start investing sooner rather than later.

Richard Meyer Cayne originally from  Montreal, Quebec Canada currently resides in Bangkok Thailand with his wife Akiko Cayne and their two young children and runs the Meyer Group of Companies www.meyerjapan.com.  Prior to which he was residing in Tokyo Japan for over 15 years and is currently CEO of Asia Wealth Group Holdings Ltd a London, UK Stock Exchange listed Financial Holdings Company

Richard Cayne has been involved in wealth management  in Asia for over 19 years and has assisted many High Net worth Japanese families create innovative international tax and wealth management planning solutions.  The public company of which he is CEO can be seen at www.asiawealthgroup.com or stock exchange link http://www.isdx.com/Asia Wealth Group