Is it mythical that the Japanese save 25 percent of the income?
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M$2 Answers
In this paper he states "For the 6-year period of 1973-1978, the SNA savings rate rose above 20%." A graph in the paper shows the maximum SNA savings rate peaked near 24% during the years 1974-76. This rate later fell gradually, with a few temporary upward bumps, until it reached about 6% in the early 2000's (2001 is the end-point of the graph in this paper).
However, Nakamura argues that most reports, which seek to explain this dramatic decline as a result of the aging of Japanese population, etc. ignore price changes. In price-adjusted terms, Nakamura says, the Japanese savings rate remained in the band of 10% to 15% throughout the three decades from 1970 to 2001 with only a few brief bumps up or down outside that band. Nakamura makes the case that the Japanese savings rate has thus not changed significantly, when adjusting for prices.
The bottom line answer to the question then is that in price adjusted terms, the Japanese savings rate during the period of 1970-2001 reached a maximum of only 16% in 1978. In nominal terms however, it did approach 25% during 1974-1976. In either approach, that extraordinary savings rate is now a thing of the past, and few if any economists expect it to repeat.
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M$No there saving rate is not like 5%.
Please view the link it will show you how much percent the Japanese save on their income
http://books.google.com/books?id=Ci4EAAAAMBAJ&pg=PA5&lpg=PA5&dq=do+japanese+save+25+percent+of+their+income&source=bl&ots=2c-3VrYKmj&sig=MVfa3sNvbGWDUltGRRn65y93Vi8&hl=en&ei=d-vTSoCtEojL8QbHx8SRDQ&sa=X&oi=book_result&ct=result&resnum=4&ved=0CBUQ6AEwAw#v=onepage&q=do%20japanese%20save%2025%20percent%20of%20their%20income&f=false
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M$
Have your read @Opher analysis?
http://www.mahalo.com/answers/money/what-is-the-per-capita-savings-dollar-amount-in-japan
Will you show how you estimated Japanese saving rates too be 5-6%?
I haven't seen any 2008 numbers, let alone 2009. However, extrapolating from information I've seen, I'd say 5% is the likely number for 2008. In 2009 it is possible the number may go up given the uncertain world economy.
I'm rereading your links on What is the per capita savings dollar amount in Japan?
I read your comment that Japanese savings rate is 6%. Will you provide the resource link indicating a drop towards 4%?
What is the saving rate in 2008/2009? Is it safe to assume about 5 to 6% saving rate?
"Has the Japanese Household Savings Rate Really Changed"
1. Attention has increased to the recent decline in Japanese household savings
2. There is a downward trend in the national saving rates
3. There is concern that the national account may plunge into deficit. Are the national account government guaranteed funds?
4. 1973-1978 SNA savings rates rose about 20%
5. SNA savings rates decelerated in the 1990s.
6. Price adjusted savings rates show hardly any changes in savings behavior of the Japanese Households in the last 30 years.
Look at the plot in the study I provided the link to. The unmodified SNA rate shows 6% in 2001, and the trend is a downward one. Also, in the answer I provided to a previous question I had links to where the statement was made that the Japanese savings rate is rapidly approaching the 4% rate of the US.