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Cash-loving Japanese savers opt to play it safe

Thu, Oct 19, 2017 - 5:50 AM

The Bank of Japan's move to usher in negative interest rates has seen home safes fly off store shelves, with sales surging by a fifth last year.

PHOTO: AFP

Tokyo

THE Tokyo stock market might be riding two-decade highs, but a growing number of Japanese are choosing to stash their cash in the humble home safe, wary of negative interest rates in the bank and out of the view of eagle-eyed tax officials.

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