Why Has Japan's Household Savings Rate Remained High even during the 1990s? --Empirical Analysis on Risk Bias Viewed by the Characteristics of the Household Sector--
Japan's household savings rate decreased during the 1980s due to the progress in upgrading the nation's social security system and the aging of Japanese society, but has turned to a gradual increase in the 1990s. Households may be increasing precautionary savings amid growing uncertainty (risk) regarding the future in the Japanese economy as a whole.
Year of publication: |
1999-07
|
---|---|
Authors: | Nakagawa, Shinobu |
Institutions: | Bank of Japan |
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