TOKYO -- People in Japan are hoarding the cash they accrued during the pandemic despite an easing of restrictions, with savings actually increasing to 62 trillion yen ($478 billion), or more than 10% of the country's gross national product.
The trend appears to reflect a general feeling of insecurity among consumers about the future -- a mood in stark contrast with the U.S., which saw savings plummet 60% from its pandemic peak.
