Young Japanese are already responding in ways that are dragging on the economy. At a time when domestic consumption has stalled, their savings rate is on the rise, with those 25-34 years old saving a larger share of their earnings than any other age group in 2015, UBS said in a recent report, citing government data.

Fascinating. Found this in a (Dutch) article that discussed Japan's almost Soviet-like ability to produce bullshit jobs.


posted 2525 days ago