Why Is Japan's Private Saving Rate So High?

摘要: Publisher Summary A massive current account surplus is perhaps the most serious problem facing Japan today and generating considerable discontent protectionist sentiment abroad. There are many factors behind this surplus, but Japan's saving rate, which one of highest in world, has been suggested as a major cause. This chapter discusses determinants intercountry differences private rates based on analysis, relative importance various that have possible causes high rate assessed future trends projected. It presents data household for member countries Organization Economic Cooperation Development. The also specification econometric model estimation results.