Household Saving Rate in Japan increased to 9.10 percent in the fourth quarter of 2024 from 3.30 percent in the third quarter of 2024. This dataset provides - Japan Workers Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The household saving ratio in Japan was estimated at *** percent in the fourth quarter of 2024. The ratio peaked in the second quarter of 2020, reaching **** percent amid the coronavirus pandemic. The saving ratio is the proportion of savings to disposable income.

The household saving ratio in Japan was estimated at 4.1 percent in 2024. In 2020, the saving ratio of households had reached the highest value in decades. The saving ratio refers to the proportion of savings to disposable income.

In the first quarter of 2025, currency and deposits accounted for the largest share of financial assets held by households in Japan, amounting to over 1,119.5 trillion Japanese yen. The total financial assets of households decreased compared to the previous quarter.

This dataset provides values for PERSONAL SAVINGS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Gross domestic savings (% of GDP) in Japan was reported at 24.73 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, average savings held by households comprising two or more people in Japan amounted to approximately **** million Japanese yen, an increase of *** percent year on year. Multi-person households Savings held by multi-person households increased proportionally with the age of the household head. Over **-year-olds saw a decline in their savings. The average net savings, the current savings minus current liabilities, of multi-person households amounted to around **** million Japanese yen in 2024. Among households with household heads aged ** years and younger, net savings were negative, indicating that liabilities exceeded the amount of savings held among households in younger age groups. Working multi-person households Among all multi-person households, working households held savings of around **** million yen on average, up by *** percent. Almost ** percent of the savings held by working multi-person households were ***********************. This reflects the overall trend that a substantial part of Japanese households' financial assets are cash and deposits, while investments in securities make up a small share. In 2024, the share of securities in working households' savings increased by **** percent.

In 2024, the highest average savings held by multi-person households in Japan were recorded among household heads aged ** to ** years, with average savings amounting to around **** million Japanese yen. The group of household heads aged ** to ** years recorded the highest year-on-year increase, at **** percent. At the same time, a decline of *** percent was recorded in the age group of people aged ** and above.

Net household savings in Japan were estimated at around **** trillion Japanese yen in 2024. The household saving ratio increased compared to the previous year.

Japan JP: Household and NPISH: Net Saving Ratio data was reported at 3.053 % in Dec 2026. This records a decrease from the previous number of 3.189 % for Sep 2026. Japan JP: Household and NPISH: Net Saving Ratio data is updated quarterly, averaging 12.315 % from Mar 1960 (Median) to Dec 2026, with 268 observations. The data reached an all-time high of 23.613 % in Mar 1974 and a record low of -2.480 % in Mar 2014. Japan JP: Household and NPISH: Net Saving Ratio data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Household Sector Account: Forecast: OECD Member: Quarterly. SRATIO - Household and non-profit institutions serving households net saving ratio

In 2024, average savings held by working households comprising two or more people in Japan increased by *** percent. Average savings per working multi-person household amounted to approximately **** million Japanese yen in 2024.

This paper compares two methods of analyzing aggregate data that is classified by period and age. Because there is a linear relationship among age, period, and cohort, it is not possible to distinguish the separate effects without employing an identifying assumption. The first method, which is applied in the economics literature, assumes that period effects are orthogonal to a linear time trend. The second method, which is applied in the statistics literature, assumes that the effect parameters change gradually. Simulation results suggest that the performances of both methods are comparable. The results of applying the second method to household saving rates suggest that period effects had a negligible influence in the United States but considerable influence in Japan.

In 2024, multi-person households in Japan with a household head aged over 70 years recorded a *** percent decline in their savings. An increase of **** percent was observed in the age group of under 40-year-olds.

Key information about Japan Private Consumption: % of GDP

• Japan Private Consumption accounted for 53.0 % of its Nominal GDP in Dec 2024, compared with a ratio of 55.2 % in the previous quarter.
• Japan Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average share of 54.5 %.
• The data reached an all-time high of 59.2 % in Sep 2009 and a record low of 50.4 % in Dec 1997.

CEIC calculates quarterly Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Economic and Social Research Institute provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008 with benchmark year 2015. Private Consumption as % of Nominal GDP prior to Q1 1994 is based on SNA 1993 with benchmark year 2000.


Related information about Japan Private Consumption: % of GDP

• In the latest reports, Japan GDP expanded 1.8 % YoY in Mar 2023.
• Its Nominal GDP reached 1,080.1 USD bn in Mar 2023.
• Japan GDP Per Capita reached 33,906.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 28.8 % in Mar 2022.