Japan's saving rate: An update

Hayashi, Fumio

In this paper I report my most recent calculation of Japan's saving rate. It has been almost ten years since I realized that Japan's saving rate as compiled in the Japanese National Income Accounts was substantially overstated (see Hayashi (1986)). Since then I have had several occasions to update my calculation of adjusted Japanese saving rate. The last update is in Hayashi (1991). The calculation I report in this paper will incorporate not only the National Income Accounts data that became available since the last update but also recent criticisms made by Iwamoto (1994).

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Working Papers, 89
Published Here
February 8, 2011