1st Edition

Understanding Japanese Savings Does Population Aging Matter?

By Robert Dekle Copyright 2005
    112 Pages
    by Routledge

    110 Pages
    by Routledge

    Japan's savings are among the highest in the world, and these high rates have played a valuable role throughout the post-war period. However, over the next several decades, Japan's population will be ageing rapidly. Will this lower Japanese savings rates?
    Using up-to-date financial and demographical data, author Robert Dekle finds that the answer to this question is an emphatic 'yes'. Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as developing countries looking to establish public savings institutions.

    1. Introduction 2. The Saving Behavior of the Japanese Elderly 3. Private Investment and Fundamentals 4. Simulating the Impact of Aging on Future Saving, Investment and Budget Deficits 5. Aging and the Role of Foreign Immigration in Impacting Saving, Investment and Foreign Capital Inflows 6. Housing and Japanese Saving and Consumption Behavior 7. Conclusions and Lessons for Developing Countries


    Robert Dekle is Professor of Economics at the University of Southern California. He has studied the Japanese economic system for more than two decades.