business

Japan's bank deposits rise at record pace in Feb as consumers save, not spend

4 Comments
By Leika Kihara

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Article doesn’t use the “hoard” word this month. Otherwise much the same story.

2 ( +2 / -0 )

Spend on what?

-1 ( +0 / -1 )

The data underscores the pain consumers are feeling from the prolonged battle with the pandemic, which is hitting wage growth and could delay Japan's already fragile economic recovery.

Yeah, the pandemic is hitting "wage growth" which has been frozen for 30 years.

Must be nice to be "journalist" recycling talking points from central bank economist shills.

1 ( +2 / -1 )

Good. In these uncertain times, everyone should have emergency money stashed away. Overspending, as the government and their compliant media want you to, is not a prudent thing to do.

0 ( +0 / -0 )

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