Japan was long famous for having the highest saving rate among the industrial countries.
China has one of the highest savings rates in the world – about 50% – largely because families fear catastrophic healthcare costs.
However, it is unlikely that customers who switch to Atom will do so for the highest savings rates or lowest overdraft charges.
Although the Japanese have some of the highest savings rates in the world, only 6percentt of the savings of the average Japanese household is invested in stocks, compared with more than 35percentt in America and Europe.
China has one of the highest savings rates in the world — 54.3% in 2012, according to the International Monetary Fund.
The currency likely plays a role alongside high saving rates.
China's households do have high saving rates.
They have plenty of funds because the societies they operate in have high saving rates.
Back in the 1960s, Japan was a young, fast-growing economy, with high investment rates and even higher saving rates.
At university, I had believed that socialism would efficiently achieve high saving rates and high economic development – and produce greater equality.
