June 20, 2020

Japanese Customer: Low interest rates have cost households an estimated 304 trillion yen in lost income




Tadashi Nakamae , head of Nakamae International Economic Research, ..points to Bank of Japan data that show that the last 14 years of low interest rates have cost households 304 trillion yen in lost interest income.”..”People won’t feel rich until their savings start earning money again


Source: Big challenge for Japanese: Start Spending
By Martin Flacker, The New York Times, July 10th, 2006
International Herald Tribune
http://www.iht.com
accessed 12/07/2006.


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