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Japan's households, firms keep saving on prolonged impact of pandemic

Japan's currency in circulation and bank deposits hit a record high for the fourth straight month in June, data showed on Friday, as households and companies continued to pile up savings

Topics
Japan | Coronavirus | bank deposits

Reuters  |  TOKYO 

By Leika Kihara TOKYO (Reuters) - Japan's currency in circulation and bank deposits hit a record high for the fourth straight month in June, data showed on Friday, as households and companies continued to pile up savings on uncertainty over the economic fallout from the COVID-19 pandemic. The data highlights how Japan is lagging other major economies in emerging from the pandemic's blow, with the government's declaration of fresh state of emergency curbs in Tokyo expected to hurt already weak consumption. Japan's M3 money stock - or currency in circulation and ...

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First Published: Fri, July 09 2021. 08:17 IST
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