What Do You Think of Japan

Japan has been a high savings rate since World War II, Japan's low interest rate to attract a large number of national savings for investment to promote economic; collapse of the bubble economy, due to the uncertain economic outlook, the collapse of the original employment pension system, Japanese citizens still keen on savings to cope with an uncertain future. Japan's pension plan each person must purchase a large amount of government bonds, and Japanese government bonds is not a payment crisis, not surprisingly, the Japanese government debt creditors 95% are nationals.



China serious account of pension personal accounts empty, the increase in the elderly population, it is difficult to believe that the elderly can obtain economic dignity. Order to hedge the risk, and Japan, the savings and investment to meet future pension problem, the inevitable choice to become a resident. Other risks include the children's education, health care, etc., of the ascendant Studying Abroad, it is a high price for the performance of high-quality education resources, will continue in the future. Concern is that the government and corporate savings rate remains high, exceeding the growth of household savings.



China's savings rate has been very high, and will also have been high to go. According to data published by the International Monetary Fund, the national savings rate in China from the 1970s to the present, has been among the highest in the world, residents' savings accounted for more than 35% of the gross national product in the early 1990s to 2005, China's savings rate is as high as 51 %, while the global average savings rate was only 19.7%. In 2009, the balance of household savings in China has exceeded 18 trillion yuan, the savings rate ranked first in the world, per capita savings of more than 10,000 yuan. Although the per capita savings is less than the United States and other countries, although the majority of the savings and not enough to the pension, but the hedge risks instinct can not disappear, this is a classic case of behavioral finance.



Some experts say that the extension of working age, and also experts outside the reserve, or the majority of state-owned assets placed under the social security fund, the local social security fund invested in the stock market and other capital money market, in order to increase the yield. In addition to the investment of social security payments, the return on foreign reserve, the new state-owned may be placed under the social security and other programs is illusory.



The face of the high savings rate, the government will increase debt issuance, financial and investment products to financial savings for residents, the bond market has been greatly developed in 2012, at the same time increase the market a wide range of investment products, such as antiques, tea more more investment products for residents physical savings.



To protect the residents of old-age, treat household savings, eliminate negative interest rates, increased credit investment products, security, is fundamental Road. Negative interest rates, lose the trust of the investment goods is the root of the problem, the resident parents to protect themselves the money away.