March 05, 2012

Japanese consumers saving accounts yield less than 1 percent compare to other countries some yield 6 percent

Japanese consumers saving accounts yield less than 1 percent compare to other countries some yield 6 percent













Picture: Japanese Currency



Book: Understanding Japanese Savings


By Robert Dekle




Japan's savings are among the highest in the world, and these high rates have played a valuable role throughout the post-war period. However, over the next several decades, Japan's population will be ageing rapidly. Will this lower Japanese savings rates?
Using up-to-date financial and demographical data, author Robert Dekle finds that the answer to this question is an emphatic 'yes'.Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as developing countries looking to establish public savings institutions.










" Japanese savings accounts yield less
 than 1 per cent"




Source: AMP Team talks deals in Tokyo
Duncan Hughes
Australian Financial Review Newspaper
Friday 2/3/12, page 23


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