3/20/2015 – Japan’s Recovery is Complicated by a Decline in Household Savings (The New York Times)

It is an increasingly common refrain in Japan — and one that complicates the government’s efforts to revitalize the country’s economy. The country’s savings rate, long one of the highest in the world, is now below zero. In short, Japan’s citizens are spending more than they earn. By comparison, the rate in the United States, where consumers have a reputation for living beyond their means, is on the rise, hitting 5.5 percent in January.

Read the full article in The New York Times.