Handbags and Champagne: Japan’s Young Forex Divas Make Their Mark
By Anjani Trivedi at Time
Mrs. Watanabe is back. Housewife investors were a feature of the Japanese financial landscape during the prolonged recession of the 1990s. Marooned at home because of the lack of career opportunities in a male-dominated business world, lacking child-care support and penalized by a tax system that didn’t encourage their participation in the labor force, many Japanese women found that they could bolster tight budgets by performing online forex trades in between chores and shopping for groceries.
They became such a force that the market gave them a name: Mrs. Watanabe (in Japan, Watanabe is a common surname, the equivalent of Garcia, Jones or Wang). And now they have returned, only this time they’re younger and more aggressive. Perhaps Ms. Watanabe would be a more accurate title now.