Japan’s financial market will see a huge flow of funds in fiscal 2000 because 27 trillion yen is expected to be transferred from postal savings to other financial instruments, according to an estimate by the Posts and Telecommunications Ministry.

The estimate, released Wednesday, put upward pressure on long-term interest rates, triggering fears that the government may be forced to sell bond holdings to meet expected withdrawals by depositors.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.