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

Topics Japan | Coronavirus | bank deposits


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.....

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