Japan's households, firms keep hoarding cash at record pace as COVID-19 strains broaden

Japan's households, firms keep hoarding cash at record pace 

Hence the profligate folly of ¥100,000 handouts regardless of means.

In Japan, Japanese people are taking their money to the bank. In the west, people are taking their empty stomachs to the food bank.

@Orac

In Japan, Japanese people are taking their money to the bank. In the west, people are taking their empty stomachs to the food bank.

One great thing about the people of Japan, the average person here is far better at budgeting themselves than the average person in America.

My savings have certainly grown during this period. But that's due to how COVID and the awful hot weather are keeping us at home.

 pile up cash to guard against the coronavirus- driven income slump

I'm not guarding against an income slump, I'm guarding against catching the coronavirus by going out and consuming stuff like I would have before the pandemic.

Dealing with the pandemic is the first order of business.

Worry about the economy after that's done, otherwise you're just pressing the accelerator and slamming on the breaks at the same time.

Some households may be holding cash at home instead of parking them in bank accounts

If only.

One great thing about the people of Japan, the average person here is far better at budgeting themselves than the average person in America.

We still have debt of $120000 for every man, women and child.

Liquidity trap!

Never ending economic malaise.

Liquidity trap!

Lets hope not, or things are going to get bad really fast

“Some households may be holding cash at home instead of parking them in bank accounts, as the pandemic makes them cautious of visiting bank branches, 

My pay is paid thru the bank so

if I'm cautious of going to the bank my money would still be parked there

All those who are able to hoard cash are lucky that their incomes haven’t been affected.

This damn pandemic has cost me 10’s of 1000’s of dollars of lost income

“Some households may be holding cash at home instead of parking them in bank accounts, as the pandemic makes them cautious of visiting bank branches, a BOJ official told a briefing.

What is this comment based on, opinion or facts?

Lazy reporting...

“Some households may be holding cash at home instead of parking them in bank accounts, as the pandemic makes them cautious of visiting bank branches, a BOJ official told a briefing.

What is this comment based on, opinion or facts?

Lazy reporting...

The comment wasn't made by the reporter, it's a quotation and the source is right there at the end of your own quotation

Hoarding? Or with telework and distance learning, fewer things you need to spend money on? I go weeks between buying gas, haven't ridden the motorcycles since March, haven't needed to do any auto maintenance, no need to buy professional clothes and we don't go out to eat. So the cash accumulates. Is that really "hoarding" or something else?

Hoarding is such a negative term. Leftist nonsense! Intelligent people put aside funds for meager times. That's wisdom and frugality, things that leftists can't comprehend.