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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--

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  • Shinobu Nakagawa

    (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.

Suggested Citation

  • Shinobu Nakagawa, 1999. "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--," Bank of Japan Research Papers 1999-07, Bank of Japan.
    • Handle: RePEc:boj:bojron:99-e-0701
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    References listed on IDEAS

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    Cited by:

    1. Kiichi Tokuoka, 2010. "Rebalancing in Japan: The Role of Private Consumption," IMF Working Papers 2010/293, International Monetary Fund.
    2. Murata, Keiko, 2003. "Precautionary Savings and Income Uncertainty: Evidence from Japanese Micro Data," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 21(3), pages 21-52, October.
    3. Ray Forrest & James Lee, 2004. "Cohort Effects, Differential Accumulation and Hong Kong's Volatile Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 41(11), pages 2181-2196, October.
    4. International Monetary Fund, 2010. "Japan: Selected Issues," IMF Staff Country Reports 2010/212, International Monetary Fund.

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