• Bloomberg

  • SHARE

Japan’s savings rate rose to its highest level in two decades, as anxiety over the pandemic and the economic outlook appeared to encourage people to pocket cash handouts from the government instead of spending them.

On average, people saved 44 percent of their income in the five months through August this year, up from 33 percent in the same period last year, according to household spending data released Friday by the internal affairs ministry.

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.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)