[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/mes/jpneco/v39y2012i4p109-124.html
   My bibliography  Save this article

Are Japanese Households Financially Healthy, If So, Why?

Author

Listed:
  • Charles Horioka
Abstract
In this article, I conduct an international comparison of the financial health of households using data on household wealth and indebtedness for the G-7 countries and show that, even though household borrowings in Japan were the highest among the G-7 countries, at least until 2000, household assets were also high in Japan, as a result of which household net worth and financial health in Japan were among the highest in the G-7 countries. Turning to long-term trends in Japan over time, I find that Japan has shown a sharp increase over time in household borrowings, at least until 2000, and a sharp increase over time in both household assets and household net worth, at least until 1990. It is not clear whether the greater financial health of Japanese households is due more to culture or to government policies, institutions, and other noncultural factors, but it appears that long-term trends over time in household assets, liabilities, and net worth in Japan can be explained much better by noncultural factors than by culture.

Suggested Citation

  • Charles Horioka, 2012. "Are Japanese Households Financially Healthy, If So, Why?," Japanese Economy, Taylor & Francis Journals, vol. 39(4), pages 109-124.
    • Handle: RePEc:mes:jpneco:v:39:y:2012:i:4:p:109-124
    DOI: 10.2753/JES1097-203X390405
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/JES1097-203X390405
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/JES1097-203X390405?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yuji Horioka, Charles & Niimi, Yoko, 2019. "Household Debt and Aging in Japan," AGI Working Paper Series 2019-12, Asian Growth Research Institute.
    2. Horioka, Charles Yuji & Niimi, Yoko, 2020. "Was the expansion of housing credit in Japan good or bad?," Japan and the World Economy, Elsevier, vol. 53(C).
    3. Charles Yuji Horioka, 2021. "Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey," Review of Economics of the Household, Springer, vol. 19(1), pages 157-187, March.
    4. Eiji Fujii, 2017. "Government Size, Trade Openness, and Output Volatility: A Case of fully Integrated Economies," Open Economies Review, Springer, vol. 28(4), pages 661-684, September.
    5. Jakob Kapeller & Bernhard Schütz, 2013. "Exploring Pluralist Economics: The Case of the Minsky-Veblen Cycles," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 515-524.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jpneco:v:39:y:2012:i:4:p:109-124. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJES19 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.