The Flow of Household Funds in Japan
In this paper, I consider why Japans household saving rate was so high in the past and why it has shown a downward trend in more recent years, and based on this analysis, I project future trends in Japans household saving rate. To preview my main findings, I find, first, that Japans household saving rate used to be high but that it has declined sharply in recent years and that it is no longer high in either absolute or relative terms. Moreover, Japans household saving rate will continue its decline due to the rapid aging of her population and other factors and may well become zero or negative within a few years. However, the governments fiscal deficits (government dissaving) as well as corporate investment in plant and equipment can be expected to decline at the same time, and moreover, there is always the option of borrowing from abroad, so the sharp decline in the household saving rate will not necessarily cause any problems.
|Date of creation:||Jan 2008|
|Date of revision:|
|Contact details of provider:|| Postal: JG Crawford Building #13, Asia Pacific School of Economics and Government, Australian National University, ACT 0200|
Web page: http://www.eaber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Horioka, C.Y., 1989. "The Determinants Of Japan'S Saving Rate: The Impact Of The Age Structure Of The Population And Other Factors," ISER Discussion Paper 0189, Institute of Social and Economic Research, Osaka University.
- Charles Yuji Horioka, 2001.
"Are the Japanese Selfish, Altruistic, or Dynastic?,"
NBER Working Papers
8577, National Bureau of Economic Research, Inc.
- Charles Yuji Horioka, 2001. "Are the Japanese Selfish, Altruistic, or Dynastic?," CIRJE F-Series CIRJE-F-134, CIRJE, Faculty of Economics, University of Tokyo.
- Charles Yuji Horioka, 2001. "Are the Japanese Selfish, Altruistic, or Dynastic?," ISER Discussion Paper 0556, Institute of Social and Economic Research, Osaka University.
- Charles Yuji Horioka, 2006.
"Do the Elderly Dissave in Japan?,"
in: Long-run Growth and Short-run Stabilization, chapter 5
Edward Elgar Publishing.
- Charles Yuji Horioka, 2004. "Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan," ISER Discussion Paper 0606, Institute of Social and Economic Research, Osaka University.
- 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.
- Horioka, Charles Yuji, 1992.
"Future trends in Japan's saving rate and the implications thereof for Japan's external imbalance,"
Japan and the World Economy,
Elsevier, vol. 3(4), pages 307-330, April.
- Yuji Horioka, C., 1990. "Future Trends in Japan's Saving Rate and the Implications thereof for Japan's External Imbalance," ISER Discussion Paper 0239, Institute of Social and Economic Research, Osaka University.
- C. Y. Horioka & H. Fujisaki & W. Watanabe & T. Kouno, 2000.
"Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives,"
International Economic Journal,
Taylor & Francis Journals, vol. 14(1), pages 1-31.
- Charles Yuji Horioka & Hideki Fujisaki & Wako Watanabe & Takatsugu Kouno, 2000. "Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives," NBER Working Papers 7463, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:eab:microe:22599. 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: (Shiro Armstrong)
If references are entirely missing, you can add them using this form.