[2017-06-03] Japan’s Near-Zero Savings Rates and Pension Problems Drive ...

[tyz]

Japan’s Near-Zero Savings Rates and Pension Problems Drive Retail Investors to Bitcoin

The Japanese have long put up with near-zero interest rates on their personal savings accounts. At the same time, they are worried about a serious shortfall in the national pension program. These problems have pushed retail investors to consider investing in bitcoin.

https://news.bitcoin.com/japan-savings-rates-pension-retail-investors-bitcoin/

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[freedomno1]

Japan’s Near-Zero Savings Rates and Pension Problems Drive Retail Investors to Bitcoin

The Japanese have long put up with near-zero interest rates on their personal savings accounts. At the same time, they are worried about a serious shortfall in the national pension program. These problems have pushed retail investors to consider investing in bitcoin.

https://news.bitcoin.com/japan-savings-rates-pension-retail-investors-bitcoin/

That is great news added onto the exchange and forex news and trading volumes, some of their discount airliners now taking bitcoin and the soon to be implementation of Bitcoin BTM's in Japan's airport I look forward to seeing it grow there more because honestly that interest rate sucks and if they offer a good alternative, at least a portion of investors will move their money there over a Japanese savings account.

[ivanpoldark]

Pension situation in Japan reflects worldwide tendency to population aging. Because of progressive healthcare people will live longer, pension age will slowly increase. Alternative saving accounts in cryptorurrencies may play key role in future families budget.

[CryptoBry]

So this must be one of the driving factors why Japanese are currently having a honeymoon with Bitcoin. Of course, why not? Japanese are known to be good in business and they always have that desire to make their money work for them that is why they have a good savings habit. Since Bitcoin is offering an amazing growth potential they are now loving Bitcoin. Whatever happening in the Japanese market is always making all of us smile.

[Scorpion]

It's very interesting to read and hear about because Japan has a very unique social problem that their elderly and retired populations is not proportional to their youth and working population. Maybe Bitcoin can inject rejuvenation and energy into their economy.

[aso118]

It's very interesting to read and hear about because Japan has a very unique social problem that their elderly and retired populations is not proportional to their youth and working population. Maybe Bitcoin can inject rejuvenation and energy into their economy.

What they need is an open immigration policy, not Bitcoin.
At some point, demographics does matter. If the working population is very less compared to the number of elderly people, you are bound to have problems.

[FractalUniverse]

It's very interesting to read and hear about because Japan has a very unique social problem that their elderly and retired populations is not proportional to their youth and working population. Maybe Bitcoin can inject rejuvenation and energy into their economy.

What they need is an open immigration policy, not Bitcoin.
At some point, demographics does matter. If the working population is very less compared to the number of elderly people, you are bound to have problems.

I strongly disagree here. EU is turning into sh/t pretty fast, thanks to such "solution" 

[kevinn669]

It's very interesting to read and hear about because Japan has a very unique social problem that their elderly and retired populations is not proportional to their youth and working population. Maybe Bitcoin can inject rejuvenation and energy into their economy.

What they need is an open immigration policy, not Bitcoin.
At some point, demographics does matter. If the working population is very less compared to the number of elderly people, you are bound to have problems.

I strongly disagree here. EU is turning into sh/t pretty fast, thanks to such "solution" 

This is not an outlet for Japan. Too conservative country for such decisions. The increase in retirement age might be able to solve a bit of this problem

[iamTom123]

It's very interesting to read and hear about because Japan has a very unique social problem that their elderly and retired populations is not proportional to their youth and working population. Maybe Bitcoin can inject rejuvenation and energy into their economy.

Bitcoin can indeed help by infusing needed funds coming from the earnings of Bitcoin investment. Their mutual funds and savings in the banks are not really earning anything so that is a big worrisome for many since whether you like it or not there will always be inflation and other economic challenges. I am not wondering why there will be more and more Japanese and money managers who will drove to Bitcoin as one of the best alternatives if not the only best for now.