Using unique survey data which includes information on precautionary wealth and its target, we analyze the precautionary saving behavior of Japanese households. Our findings are: 1. Measures for income uncertainty have a positive influence on the target for precautionary wealth but not on...

This paper examines what I believe to be the significant developments in research over the past ten years on Japan's saving. It is a world that has been turned upside-down during this period. I hope this paper helps clarify the extraordinary changes that have taken place. The paper is organized...

This paper measures, via the cumulation of life cycle saving method, the contribution of transfer to total wealth accumulation among worker households from 1974 to 1984. The findings suggest that under either the Modigliam or Kotlifoff and Summers definitions of transfer wealth, capital...