Demographic Destiny, Per-Capita Consumption, and the Japanese Saving-Investment Balance
In this paper, we revisit the issue of the impact of demographic change on the Japanese saving investment balance. Using updated government projections, we show that the ageing of the population under way will steadily lower Japan's saving rate from 31 per cent of GDP today to 20 per cent of GDP in 2040. Japan's investment rate will remain close to its current level of 29 per cent. Thus, Japan's saving investment balance, or current account, will steadily decrease from its current level and will turn negative in 2025. In addition, we project the impact of demographic change on the evolution of Japanese consumption per capita, or "living standards". Despite the population ageing, we project that per-capita consumption will grow until 2010. However, under certain scenarios, consumption per capita falls in most years after 2010. Copyright 2000 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:16:y:2000:i:2:p:46-60. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.