Tuesday, November 20, 2007

Exploding piggy-bank aims to scare Japanese into saving

TOKYO (AFP) - Greying Japan has a new weapon to scare people into saving for their retirement -- an exploding piggy bank.

The "Savings Bomb," which goes on sale in Japan next week, "explodes" and scatters coins if users fail to save for a long time, toy manufacturer TOMY Co Ltd said Thursday.

The battery-powered toy -- designed as a cartoon-style, ball-shaped black bomb with a skull and crossbones logo -- lights up, makes a noise, shakes violently and scatters coins if it is not topped up for a long time.

"Users must pick up and collect the scattered coins and reflect on their laziness," the Japanese company said.

Japan has the world's oldest population and one of the lowest birthrates, raising fears of a future demographic crisis with a smaller pool of workers financially supporting a growing number of elderly.

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At Nov 20, 2007, 6:55:00 PM, Anonymous Anonymous said...

Excellent find, Pocky.
That post says a lot.

At Nov 21, 2007, 8:44:00 AM, Anonymous Anonymous said...

I need one
Lucy <3

At Nov 21, 2007, 2:52:00 PM, Blogger Kami... said...

Banks have 0% interest...
Back in the day, even though money would be safe in the bank... the elderly would have the growing interest to use and spend on their grandchildren and such... money was always going back in...

But now, 0% interest... banks and the post office just hold peoples money and less and less are being spent... especially with over 30,000 people over the age of 100... what do they buy?

People retire (and retire comparatively late to that of Canada)... house, car, big TV... then what?

I like this idea... encourages people to keep money on hand... you certainly don't want to come home with change scattered all over the place...
1, 5, 10, 50, 100, 500... that's a lot of coins and it adds up FAST... especially when people use 10k yen notes to buy a pack of gum. :P

At Nov 21, 2007, 8:37:00 PM, Anonymous Anonymous said...

I thought those economic policies changed after the 90's.
Though it's bound to promote investment.


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