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- W4232133953 abstract "Subject Demographics and the effect on the savings rate. Significance Recently published national income accounts show that Japan's households in 2013 spent more than their disposable income -- that is, their savings rate was negative. Economists have predicted the decline of Japan's savings rate for many years. The surprise has been its speed. Impacts Current account surpluses will be pushed towards zero for the foreseeable future, and the trade balance tend towards deficit. Despite lower national savings, there is no sign that foreign buyers treat Japanese government securities as anything but safe havens. Demand for healthcare, pharmaceuticals, retirement communities and related services will grow as retirees draw down their savings. These sectors therefore number among the 'growth industries' that the Abe government will attempt to encourage." @default.
- W4232133953 created "2022-05-12" @default.
- W4232133953 date "2015-02-19" @default.
- W4232133953 modified "2023-09-27" @default.
- W4232133953 title "Japanese will turn from savers to spenders" @default.
- W4232133953 doi "https://doi.org/10.1108/oxan-db197770" @default.
- W4232133953 hasPublicationYear "2015" @default.
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