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Research on the Changes in Japan¡¯s Savings Rate

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  • Zhijun Sheng
  • Xiaowei Mu

Abstract

Japan¡¯s savings rate was higher than other countries in the world in the past. However, since 1990s Japan¡¯s saving rate has undergone significant changes, which had a downward trend. In order to explain these phenomena, we analyze the determinants of Japan's saving rate, and conclude that income factors, demographic factors and social security system factors have some bad impacts on the saving rate on the basis of the saving theory and analysis of the latest economic data. The changes in Japan¡¯s saving rate not only affected its own economies, but also affected the world economy.

Suggested Citation

  • Zhijun Sheng & Xiaowei Mu, 2012. "Research on the Changes in Japan¡¯s Savings Rate," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(3), pages 121-124, September.
    • Handle: RePEc:jfr:bmr111:v:1:y:2012:i:3:p:121-124
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    References listed on IDEAS

    as
    1. Modigliani, Franco, 1988. "The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 15-40, Spring.
    2. Fumio Hayashi, 1986. "Why Is Japan's Saving Rate So Apparently High?," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 147-234, National Bureau of Economic Research, Inc.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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