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