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Japan's household savings rate was still positive in 2011 [ClearOnMoney]
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Japan's household savings rate was still positive in 2011

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Commentary

Japan's household savings rate was still positive in 2011

28 Dec 2012 by Jim Fickett.

Issuance of government bonds is already so large that household sector demand is swamped, as can be seen by the diminishing share of household and pension fund holdings (House of cards grows higher in Japan). However it will still be an important psychological event when the household savings rate goes negative (which it will eventually do, because of an aging population), because most investors and reporters are innumerate, and a clear watershed will clarify just what a quandary the government is in.

Here is the aging of the population through 2012:

(The small bump in the curve is probably an anomaly, due to the data through 2009 being from a different report than that 2010-2012.)

And here is the savings rate through 2011 (the latest data):

Still positive but very low.

(For background, sources, and past commentary see the Reference page Japan demographics.)