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The Determinants of Post-war Savings Behaviour in Japan

In: The Determinants of National Saving and Wealth

Author

Listed:
  • Miyohei Shinohara

    (Seikei University)

Abstract

In common with a number of Asian NICs, over the post-war period Japan has experienced not only a high savings ratio, but also one that has continued to increase. This has surprised many people, who expected the savings ratio to stabilise as Japan approached the level of industrialisation of the advanced Western nations. This paper attempts to provide an explanation of this puzzling observation. A large number of factors probably contribute to the high savings ratio, and its continued increase. But the most dominant of these relate to the uniqueness of various institutional arrangements in Japan.

Suggested Citation

  • Miyohei Shinohara, 1983. "The Determinants of Post-war Savings Behaviour in Japan," International Economic Association Series, in: Franco Modigliani & Richard Hemming (ed.), The Determinants of National Saving and Wealth, chapter 9, pages 201-218, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-17028-9_9
    DOI: 10.1007/978-1-349-17028-9_9
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    Cited by:

    1. Horioka, Charles Yuji, 1990. "Why is Japan's household saving rate so high? A literature survey," Journal of the Japanese and International Economies, Elsevier, vol. 4(1), pages 49-92, March.

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