高田委員提出資料 - Financial Services Agency...1970 1980 1990 2000 Quarterly Special Report No.23 1999 7 1969 2 TB,CP 1974 3 1978 4 TB,CP,MMF 1993 5 1975 IRA 1981 401(k) 1971

高田委員 提出資料

資料２

Copyright Mizuho Research Institute Ltd. All Rights Reserved.

2018.10.11

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P 3

P 9

P 14

P 29

P 39

8,4129,006

9,4309,920

10,46711,194

11,70612,10512,361

12,55612,69312,77612,80512,71012,69312,53212,25411,912

11,52211,092

10,64210,193

9,7449,285

8,808

0

5

10

15

20

25

30

35

40

45

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2016 2020 2025 2030 2035 2040 2045 2050 2055 2060 2065

14 15 64 65 74 75 65

12,808 2008

10 20 30 40 50 60 70 80

1990

0

2

4

6

8

10

12

14

16

18

20

80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16

NASDAQ

1970 1980 1990 2000

Quarterly Special Report No.23 1999 7

19692

TB,CP

19692

TB,CP

19743

19743

19784

TB,CP,MMF

19784

TB,CP,MMF

19935

19935

1975IRA1975IRA

1981401(k)1981401(k)

1971MMF1971MMF

1974ERISA1974ERISA

19731

19731

19792

19792

1990-19931990-1993 19951995

2001200119901990

20012001 2014NISA2014NISA

20122012

G-SIBs

FD

NISA 401 k

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

16 21 26 16 21 26 16 21 26 16 21 26 16 21 26 16 21 26

30 30 40 50 60 70

70

84 107 144225

353

99165

239

340

472

0

100

200

300

400

500

600

700

800

900

1000

15 20 25 30 35

70

6069

5059

4049

3039

11%

39%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0

500

1000

1500

2000

2500

89 94 99 04 09 14 20 25 30 35

7060 6950 5940 4930 3930

41%

50%

0

200

400

600

800

1,000

1,200

1,400

2012 2015 2020 2025 2030 2040 2050 2060

2035 653 1

70 50%65

30% 15%

700 644 600

(492)

(801)

(1,008)

208

(157)

(408)

(1,200)

(1,000)

(800)

(600)

(400)

(200)

0

200

400

600

800

1994 2004 2014

1,099 1,092924

(542)

(860) (898)

558

232

26

(1,000)

(500)

0

500

1,000

1,500

1994 2004 2014

30 40

25 224 20 4,381 3,145 4.3 6.6

35 578 30 4,610 2,562 5.3 7.1

45 914 40 5,090 1,746 6.0 7.3

55 1,551 50 5,612 587 4.5 4.9

10 20 30 40 50 60 70 80

25%90 5

203020 1.5

20001

2002 8.9% 2015 18.6%

5002015 800

2035

75

A

B

C

D

A

B

C

D

DC

<DB>) DC DC

<DC>DC

<2001 >33 66 /

401(k)<1978 >1.8 /

NEST<2012 >

19929.5%iDeCo

<2001 >14.4 27.6 /( 2 )

IRA<1974 >5,500 /

SIPPs1990

NISA<2014 >120 /

NISA<2018 >40 /

ISA<1999 >2 /

ISA

ISA DC

401(k)IRA 401(k)

ISA

DC NISA

70

DCNEST 401(k)

DC

NEST

DB

1 2

70

70

Ex.

0 10 20 30 40

17.9%

5.0%

4.9%

0.1%

52.9%

12.5%

6.8%

3 2

DC DC iDeCo

1 3

70iDeCo70

7 22 65 3,6006

65

10

iDeCo DC

5,884 2017 1 3

3,503 2017 6

NISA

500 1,700

200 2,000

NISA

1 5,00060 100 32

NISAiDeCo

60 75

1,000

5

3