Comments on: Aging boomers may prove to be just as tight with savings http://blog.japantimes.co.jp/yen-for-living/aging-boomers-may-prove-to-be-just-as-tight-with-savings/ How to make, save and spend money in Japan. Wed, 18 Feb 2015 03:29:48 +0000 hourly 1 http://wordpress.org/?v=4.2.4 By: Troy http://blog.japantimes.co.jp/yen-for-living/aging-boomers-may-prove-to-be-just-as-tight-with-savings/comment-page-1/#comment-156878 Wed, 18 Sep 2013 17:36:29 +0000 http://blog.japantimes.co.jp/yen-for-living/?p=4890#comment-156878 But overall the portion of government bonds held by private individuals (kojin) is low, only about 5 percent

ah, but so much is held indirectly, e.g. around 70% of Japan Post Bank’s assets are in JGBs . .

http://www.ijapicap.com/blog/2013/05/japan-post-bank-shrinks-jgbs-in-¥171-6tr-trove-goes-abroad

if they cashed them in and actually spent that money

yes, the transition from the youth-oriented economy of the 1960s-80s to the senior-dominated economy of 2020- is going to be interesting and hard to see exactly how everything’s going to unfold from here & now.

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By: Philip Brasor & Masako Tsubuku http://blog.japantimes.co.jp/yen-for-living/aging-boomers-may-prove-to-be-just-as-tight-with-savings/comment-page-1/#comment-156855 Wed, 18 Sep 2013 07:08:54 +0000 http://blog.japantimes.co.jp/yen-for-living/?p=4890#comment-156855 But overall the portion of government bonds held by private individuals (kojin) is low, only about 5 percent. In the unlikely event that all those old folks cashed them in at the same time it wouldn’t have a huge effect on govt. finances. Banks and other institutions would just buy more. In any case, if they cashed them in and actually spent that money, the stimulating effect would be tremendous.

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By: Troy http://blog.japantimes.co.jp/yen-for-living/aging-boomers-may-prove-to-be-just-as-tight-with-savings/comment-page-1/#comment-156850 Wed, 18 Sep 2013 06:24:10 +0000 http://blog.japantimes.co.jp/yen-for-living/?p=4890#comment-156850 Plus the bulk of these savings are in gov’t bonds now, so to cash them out taxes have to be raised, or Kuroda at the BOJ has to print up the money.

Japan’s postwar baby boom was actually short, BTW.

Births 1920-1944 averaged 2.1M/yr. In the postwar disorder that fell to 1.8M 1945-46, but bounced up to 2.7M 1947-49.

But births in the 1950s averaged 1.8M/yr, which meant the Japanese baby boom was nothing like the US’s, which had its peak birth year in 1957.

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