Forced Savings

Japanese: 強制貯蓄 - きょうせいちょちく（英語表記）forced saving

This refers to involuntary savings that arise when real income and real consumption decrease as a result of rising prices, as people's money income does not rise as quickly. Therefore, it does not include cases where the government forces people to save through laws, etc. Savings is income minus consumption, and it usually takes the form of voluntary savings that people make of their own volition. These savings are lent to companies through the financial market (banks and other financial institutions) and help with capital accumulation in industry. Forced savings, on the other hand, is a phenomenon that arises when people are forced to cut back on consumption as a result of a decrease in real income due to rising prices.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

物価が上昇するとき，人々の貨幣所得の上昇がこれに追いつかず，その結果実質所得と実質消費が減少することから生じる非自発的貯蓄を指す。したがって政府が法律等で国民に貯蓄を強制する場合は含まれない。所得から消費を差し引いたものが貯蓄であるが，それは通常，人々が自分の意思で進んで行う自発的貯蓄という形をとる。この貯蓄は金融市場(銀行等の金融機関)を通じて企業に貸し付けられ，産業の資本蓄積に役立つ。これに対して強制貯蓄は，物価騰貴を通じて実質所得が減少した結果やむをえず消費を切りつめることから生じる現象である。

出典　株式会社平凡社世界大百科事典第２版について　情報

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