TOKYO -- Inflation is quietly eroding the value of household assets in Japan. In 2022, the purchasing power of time deposits hit their lowest level in 48 years, calling into a question the wisdom of holding cash in bank and postal accounts. Japanese investors will be in for a rude awakening unless they discard the savings myth that worked so well under deflation.
An investment strategy that was successful in a deflationary environment has backfired for many Japanese savers after a recent rise in consumer prices.
Datawatch
Inflation shatters Japan's savings myth
Purchasing power of time deposits sinks to 48-year low
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