Record amount of cash kept at home, in offices in Japan

A record 84 trillion yen has been left undeposited at year-end in Japan, as people choose instead to keep cash at home or in office safes, according to the Bank of Japan. The amount is up 2 percent from the previous year's figure. It is the second straight year in which a record amount of cash was left undeposited. An increasing number of households are believed to be keeping cash at home instead of depositing it at financial institutions because of the ultra-low interest rate, while the Bank of Japan continues supplying a large amount of cash to the market in its monetary easing policy. (sacbee.com)