The elderly hold a relatively large amount of financial assets as evidenced by the fact that about half of the total financial assets of individuals is held by those aged 60 and over, and whose earned income is not much. As a result, the elderly are most affected as low interest rates have continued for a long period, and we sympathize with their situation.
However, let me emphasize that raising interest rates would not solve the problem. Households can earn interest income from their deposits because banks obtain interest income on their loans. In other words, the source of interest income received is economic growth, and interest income will not be generated if the economy does not grow.