Japanese will turn from savers to spenders
The latest data on spending and saving show a sharp decline in the savings rate
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In this article
- Forces driving saving
- Motivations reverse
- The key factor
- Blame the baby boomers
- Implications
- Debt crisis?
- 'Third arrow' target
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "A 5,000 yen banknote (Reuters/Issei Kato)")