3 ms·
Woukdnt most of their savings benefit from inflation as the interest they earned would increase
by chrisgd 13y ago
Woukdnt most of their savings benefit from inflation as the interest they earned would increase
- benmmurphy 13y agoI think a lot have fixed rate long term bonds that would hurt if inflation increased. 95 % of Japanese bonds are owned domestically (http://m.nber.org//papers/w18287 http://m.nber.org//papers/w18287). Japanese people with wealth (ie old people) would have large direct or indirect exposure to government bonds which are mostly fixed interest.