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--

Shinobu Nakagawa
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Shinobu Nakagawa: Bank of Japan

No 1999-07, Bank of Japan Research Papers from Bank of Japan

Abstract: 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.

Date: 1999-07
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