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Economy

Savings bleeding out of Japan's graying regions to Tokyo

Regional banks paying high interest rates in hopes of retaining cash

Demographic decline has set in many parts of Japan, such as the former coal mining town of Yubari on the northern island of Hokkaido.

TOKYO -- With inheritances and other money pouring into Tokyo from Japan's aging far-flung regions, the capital enjoyed a 12.7% increase in cash deposits to 254 trillion yen ($2.27 trillion) over the year ended March.

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