AFP, Tokyo :
The Tokyo stock market might be riding two-decade highs, but a growing number of Japanese are choosing to stash their cash in the humble home safe, wary of negative interest rates in the bank and out of the view of eagle-eyed tax officials.
It is no secret that Japan has some of the world’s biggest savers, learning from an early age to put aside some of their hard-earned wages for a likely long retirement.
However, cautious households who already put away more than half their nest-egg in cold hard yen, are increasingly bringing the cash home.
The Tokyo stock market might be riding two-decade highs, but a growing number of Japanese are choosing to stash their cash in the humble home safe, wary of negative interest rates in the bank and out of the view of eagle-eyed tax officials.
It is no secret that Japan has some of the world’s biggest savers, learning from an early age to put aside some of their hard-earned wages for a likely long retirement.
However, cautious households who already put away more than half their nest-egg in cold hard yen, are increasingly bringing the cash home.
