Personal Savings in Japan: a Study on Postal Savings Deposits and Commercial Bank Deposits
Note: This article was written in January 1999. I Personal savings in Japan is a very broad topic. Many studies examine the Japanese saving from generality (such as Blumenthal(1970), Komiya(1966), Mizoguchi, T.(1970), Shinohara(1959) ) to specifics (such as Boskin and Horioka(1989), Dekle(1988), Hayashi(1986), Horioka(1985,1988), Maki(1989), Shinohara(1982,1983), Shibuya(1987)). None of these specifically touched upon the comparison between postal deposits and commercial bank deposits. The hypotheses of this paper are as follows: 1. The moving trend between the postal savings deposits rate and the commercial bank deposits rate reflects the real economic situation perceived by the people more than changes in the financial regulatory reform caused by financial liberalization and internati...