Japanese personal savings increased to the highest level in seven years

Japan's central bank, the Bank of Japan, the latest statistics show that as a result of the precarious employment situation, the security assets of Japan's personal term deposits in the recent trend of a significant increase in the end of May, Japan's personal time deposits increased to the highest level in seven years. According to the data, as of the end of May, Japan's personal time deposits reached 195 trillion yen (1 U.S. dollars about 94 yen), up from the same period last year 4.9%, the highest level in seven years.　　Demand deposits, which are mainly used for living expenses, remain unchanged at 160 trillion yen levels. According to statistics, the recent Japanese personal time deposits to increase by an average of 1 trillion yen per month to maintain growth rate. The Bank of Japan predicts that Japan's personal time deposits may exceed 201 trillion trillion yen by the end of January 2001 this year, creating a new record.