Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan

36 Pages Posted: 23 Jun 2004

See all articles by Charles Yuji Horioka

Charles Yuji Horioka

Asian Growth Research Institute; National Bureau of Economic Research (NBER); Osaka University - Institute of Social and Economic Research (ISER)

Date Written: June 2004

Abstract

In this paper, I conduct an analysis of consumption and saving behavior in Japan, looking both at trends over time and comparisons with the other industrialized countries. I find that some of the conventional wisdoms (that the Japanese are asset-rich and hold conservative portfolios) still hold but that others (that the Japanese are high savers and shun borrowing) no longer hold and that the Japanese are not unique, with the United States and the other Anglo-Saxon countries being the true exceptions in many respects.

Keywords: Japan, households, consumers, consumption, saving, wealth, borrowing, debt, portfolio

JEL Classification: D12, D14, D19, E21

Suggested Citation

Horioka, Charles Yuji, Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan (June 2004). ISER Discussion Paper No. 606. Available at SSRN: https://ssrn.com/abstract=558003 or http://dx.doi.org/10.2139/ssrn.558003

Charles Yuji Horioka (Contact Author)

Asian Growth Research Institute ( email )

11-4, Ohtemachi, Kokurakita-ku
Kitakyushu, Fukuoka 803-0814
Japan

HOME PAGE: http://www.agi.or.jp

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Osaka University - Institute of Social and Economic Research (ISER) ( email )

6-1 Mihogaoka
Ibaraki, Osaka 567-0047
Japan

Register to save articles to
your library

Register

Paper statistics

Downloads
355
Abstract Views
2,362
rank
82,507
PlumX Metrics