Abe’s Missing Third Arrow Means Year of Pain for Japan’s Economy

Abe’s Missing Third Arrow Means Year of Pain for Japan’s Economy

Yuriko Nakao/Bloomberg

Japanese household assets were 1,547 trillion yen at the end of 2012 of which 854 trillion yen were in deposits or cash, according to a Bank of Japan report in March. Much of that money is in the hands of the nation’s growing army of retirees, whose pensions may suffer from a return to inflation.