Revitalization Program: Member Households and Income Gap

revitalization program: If the responses hold true for all single member households across Japan, almost 2.4 million have no money in the bank and 5.7 million have no investments or savings, according to The Japan Times. The survey findings don't indicate whether people have cash stashed at home. The annual research by the council, which is run by the Bank of Japan, also found that 34 percent of single member households have no long-term investments or savings. The data indicate that Prime Minister Shinzo Abe government still has work to do to fulfill a pledge to spread the fruits of its economic revitalization program more broadly across society. As a stronger yen makes companies cautious about hiring, it makes sense to see a wider income gap, said Hiroaki Muto, chief economist at Tokai Tokyo Research Center in Tokyo. After almost four years of Abenomics, wages haven't risen substantially, despite a tighter labor market, and household spending remains weak. (news.financializer.com). As reported in the news.