Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison

Horioka, Charles Yuji

Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison

Horioka, Charles Yuji

Institute of Social and Economic Research Discussion Papers, 2012, 859

アクセス数:215件（2025-05-12 01:53 集計）

固定URL: https://hdl.handle.net/11094/23374

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タイトル	Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison
著者	NRID 1000090173632 1000090173632 著者名 Horioka, Charles Yuji
キーワード等	Financial health
	households
	balance sheets
	liabilities
	consumer credit
	consumer loans
	consumer finance
	personal finance
	indebtedness
	housing loans
	mortgages
	borrowing
	assets
	financial assets
	housing assets
	net worth
	net wealth
	saving
	frugality
	culture
	religion
	tradition
	traditional values
	Japan
	United States
	Group of Seven (G7)
	Anglo-American credit model
	Confucianism
	Christianity
抄録	In this paper, I conduct an international comparison of the financial health of households using data on household wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were the highest among the G7 countries, at least until 2000, household assets were also high in Japan, as a result of which household net worth and financial health in Japan were among the highest in the G7 countries. Turning to long-term trends in Japan over time, I find that Japan has shown a sharp increase over time in household borrowing, at least until 2000, and a sharp increase over time in both household assets and household net worth, at least until 1990. It is not clear whether the greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non-cultural factors, but it appears that long-term trends over time in household assets, liabilities, and net worth in Japan can be explained much better by non-cultural factors than by culture.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	859
刊行年月	2012-11
言語	英語
ハンドルURL	https://hdl.handle.net/11094/23374
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2012/DP0859.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2012, 859
DC.title	Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison
DC.creator	Horioka, Charles Yuji
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2012-11
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2012/DP0859.pdf
DC.subject	Financial health
	households
	balance sheets
	liabilities
	consumer credit
	consumer loans
	consumer finance
	personal finance
	indebtedness
	housing loans
	mortgages
	borrowing
	assets
	financial assets
	housing assets
	net worth
	net wealth
	saving
	frugality
	culture
	religion
	tradition
	traditional values
	Japan
	United States
	Group of Seven (G7)
	Anglo-American credit model
	Confucianism
	Christianity
DCTERMS.abstract	In this paper, I conduct an international comparison of the financial health of households using data on household wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were the highest among the G7 countries, at least until 2000, household assets were also high in Japan, as a result of which household net worth and financial health in Japan were among the highest in the G7 countries. Turning to long-term trends in Japan over time, I find that Japan has shown a sharp increase over time in household borrowing, at least until 2000, and a sharp increase over time in both household assets and household net worth, at least until 1990. It is not clear whether the greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non-cultural factors, but it appears that long-term trends over time in household assets, liabilities, and net worth in Japan can be explained much better by non-cultural factors than by culture.
DC.format	23374
citation_title	Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison
citation_author	Horioka, Charles Yuji
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2012-11
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	859
citation_public_url	https://hdl.handle.net/11094/23374
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2012/DP0859.pdf

Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison

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