Trinh Xuan Thi Nguyen

Background: Concerns about increased loneliness during the COVID-19 pandemic have been widely reported. However, long-term trajectories of loneliness remain insufficiently described. Objective: To examine annual trends and five-year transition patterns of loneliness in Japan from 2020 to 2024 using data from a nationwide online panel. Methods: We analyzed data from 1,673 adults who participated in all five annual survey waves from 2020 to 2024 and had complete information on the variables used in the analysis. Loneliness was measured using the three-item UCLA Loneliness Scale. Descriptive statistics were used to estimate annual prevalence and five-year transition patterns. Sensitivity analyses were conducted using a stricter loneliness threshold. Results: The prevalence of loneliness peaked in 2021, declined in 2022, and remained relatively stable from 2022 to 2024. Most respondents demonstrated stable trajectories over five years, either consistently reporting loneliness or consistently not reporting loneliness. A smaller proportion exhibited transient loneliness during the pandemic period. Under the stricter loneliness threshold, the 2021 peak and the predominance of stable over transitional sequences were preserved, although the ranking of specific sequences changed. Conclusions: Among respondents retained in this five-wave online panel, loneliness prevalence peaked in 2021, declined in 2022, and remained relatively stable from 2022 to 2024. Stable trajectories were more common than transitional trajectories. These findings provide descriptive evidence on long-term loneliness patterns but should not be interpreted as nationally representative prevalence estimates.

Although the rapid development of digital technology has significantly transformed the financial sector in Southeast Asean countries, no comprehensive study has yet mapped the evolution of digital finance in the region. This bibliometric study aims to fill this gap by providing a systematic scientific overview of the field. Derived from the Web of Science database, 252 peer-reviewed articles were compiled and analyzed using Biblioshiny R-package and VOSViewer software. The results reveal a steady growth in digital finance research in ASEAN from 2013 to 2025. The majority of articles in the region were from Indonesia, Malaysia, Vietnam, and Thailand. Current research predominantly addresses the antecedents of technology adoption, user acceptance, and continuance behavioral intentions, often grounded in theoretical frameworks such as the Technology Acceptance Model (TAM) and Unified Theory of Acceptance and Use of Technology (UTAUT). Future research should explore the broader implications of digital finance, particularly its role in enhancing financial inclusion and promoting financial well-being at both individual and national levels.

In the context of Japan’s rapidly aging population, people’s anxiety about life after 65, especially regarding financial sustainability, has become a growing concern. This study examines old age anxiety through the lens of digital financial literacy (DFL), which can significantly impact people’s retirement well-being and long-term financial security in today’s digital environment. Drawing on a large-scale dataset from the “Survey on Life and Money,” jointly conducted by Rakuten Securities and Hiroshima University, we analyze responses from 94,695 individuals aged 40 to 64 who are active bank account holders. Based on ordinal logistic regression, our findings reveal a negative association between DFL and old age anxiety. Further analysis of the five dimensions of DFL demonstrates that several practical components, such as digital financial know-how, decision-making abilities, and self-protection skills, are associated with alleviated old age anxiety. In contrast, a reliance on basic financial knowledge and general awareness alone may exacerbate anxiety. These findings underscore the need to move beyond basic digital awareness and focus on promoting practical skills in digital finance, ultimately supporting better financial decision-making and enhancing overall well-being in older age.

Introduction: Under the profound impacts of the COVID-19 pandemic, loneliness has become a major public health concern worldwide. This study is conducted to systematically evaluate existing literature on loneliness during the pandemic to identify research trends and knowledge gaps for future studies and policy developments. Methods: Original articles and reviews related to COVID-19 loneliness, published from 2020 to 2023, were retrieved from the Web of Science database. Research collaboration and keyword co-occurrence analyses were performed using VOSviewer software. Latent Dirichlet Allocation algorithm from STATA was used to analyze common topics and research trends. Results: From 2020 to 2023, a total of 3,817 publications on COVID-19 loneliness were extracted. Regarding international collaboration, the United States and England produced the largest research output and had the most extensive network collaboration with other countries in the field. Main research topics included the risk factors for loneliness during the pandemic, its impacts on people’s well-being, and social support interventions. However, there is a lack of research on adolescents, children, and behavioral changes such as increased smoking, unhealthy alcohol consumption, and substance use due to loneliness during the pandemic. Conclusions: Our study highlights an increasing interest in research on loneliness during the pandemic and suggests the need for enhanced global cooperation between developed and developing countries. Moreover, researchers and policymakers should focus more on the long-term effects of COVID-19 loneliness on adolescents and children, behavioral lifestyle changes, as well as targeted social support programs using family-based interventions and communication technologies.

Hyperbolic discounting is a psychological phenomenon in which individuals prioritize smaller immediate rewards over larger future rewards. Time-inconsistent behavior is deemed irrational as it negatively impacts savings and investment, investment in financial knowledge, and long-term financial and personal well-being. This study hypothesizes that improving financial knowledge, promoting positive financial behavior, and fostering a future-oriented financial attitude can mitigate hyperbolic discounting bias and that these three components of financial literacy enable investors to make long-term economic decisions maximizing utility. We analyzed the responses of 114,170 active investors in Japan to examine the interactions between financial knowledge, behavior, and attitude. Our findings reveal a strong negative relationship between these dimensions and hyperbolic discounting, underscoring their crucial role in shaping individuals’ intertemporal preferences. For researchers, our results highlight the need to integrate multidimensional aspects of financial literacy into investigations of intertemporal discounting behaviors. Policymakers should implement holistic financial education programs that improve knowledge, transform behavior, and shape attitudes. Financial institutions and advisors should prioritize programs that mitigate hyperbolic discounting tendencies among clients. This study represents a significant advancement in the research on financial literacy, offering a comprehensive framework for future studies and practical applications aimed at improving financial decision-making outcomes.

In financial markets, irrational behaviors such as hyperbolic discounting and panic selling are prevalent. However, their widespread empirical associations remain unexplored. Numerous behavioral theories discuss how cognitive biases exacerbate panic selling through the lens of immediate loss aversion, a phenomenon in which individuals exhibit impulsive decision-making tendencies due to an intense fear of financial loss during market upheaval. Despite the theoretical elucidation, empirical investigations of these dynamics are lacking. Using a robust dataset comprising 121,293 active investors sourced from a collaborative effort between Hiroshima University and Rakuten Securities Inc., this study used mean comparison tests and probit regression to analyze hyperbolic discounting’s role in panic selling behavior on the global COVID-19 financial crisis. The findings reveal that hyperbolic discounting plays a central role in triggering investors’ impulsive panic selling behavior, which is driven primarily by fear of potential losses. Other factors that influence panic selling behavior include age, male gender, low education level, financial literacy, household income, household assets, risk aversion, and overconfidence in financial knowledge. Our study explicates the need to address cognitive biases in financial decision making during market crises through strategies such as targeted financial education, regulatory interventions against market manipulation, and the provision of professional advice to investors.

Although the traditional sources of financial knowledge in Japan are financial advisors and investment groups, the digital era and artificial intelligence have made other sources of information, such as social media and mass media, more influential. As such, it has become important to examine the socioeconomic, demographic, and psychological factors influencing the use of these information sources in the context of investment decisions. However, little research has been carried out to examine such associations using a large-scale nationwide dataset. We fill this gap by utilizing a dataset comprising almost 65,000 active investors from one of the largest online security companies in Japan, ensuring the representativeness and generalizability of our results. We show that active investors are more inclined to use social media and mass media than financial advisors and investment groups. The probit regression model shows that the use of each of the four sources of information is strongly shaped by an individual’s characteristics, which, to some extent, are not mutually exclusive for each source type. The study results imply that the government should regulate and monitor the quality and accuracy of the information disseminated by mass media and social media and educate investors on how to critically evaluate and verify the information that they receive.

Although studies have explored how loneliness varies between rural and urban areas during the COVID-19 pandemic, the results have been inconsistent, and most studies are observational. Therefore, it remains unclear how urban–rural differences affected loneliness in a pandemic. Our study uses nationwide data to clarify this, covering periods before and during the pandemic. We analyze a longitudinal dataset from Hiroshima University’s Household Behavior and Finance Survey, which collected demographic, socioeconomic, and psychological characteristics of Japanese adults in 2020, 2021, and 2022, thus reflecting the COVID-19 pandemic timeline. The results show that approximately 50% of those surveyed experienced long-term loneliness, while about 6.5% developed loneliness during the pandemic. Although our weighted logit regression models showed few differences in loneliness during the pandemic between urban and rural areas, socioeconomic changes, such as beginning to live alone, leaving full-time employment, and decreased financial satisfaction, were identified as high-risk factors for loneliness, and their impact varied between rural and urban areas. Our results reflect that rural–urban differences have an effect on people’s loneliness during a pandemic but need to be considered together with socioeconomic changes. This knowledge can aid governments and healthcare providers in identifying those most at risk of loneliness within urban–rural regional boundaries.

Whether non-compliance with hand sanitization is related to impatience or impulsivity is an unresolved issue. Several studies have argued that not maintaining hand sanitization requirements during a pandemic could relate to impatience or impulsivity. However, the impatience or impulsivity of hand sanitization needs to be investigated in pandemic-free situations, as government requirements for hand sanitization influence subjective preferences. Little research, however, has examined such associations in pandemic-neutral scenarios. To fill this gap, this study assesses the role of two aspects of time discounting—hyperbolic discounting and impatience—in influencing hand-sanitizing behavior in Japan. The study utilized two waves of 2021 and 2018 datasets derived from the Japanese population-based survey of the Preference Parameters Study of Osaka University (N = 725). The probit regression results provide partial support for deviation from hand sanitization as an impulsive decision because the phenomenon is evident only in females. There were no notable impacts of the impatience variable in any of the models or specifications. Our study provides important policy implications. We argue that one-size-fits-all policies may not solve the impulsivity associated with hand-sanitization behavior in Japan because the impulsivity problem is not commonly found among all respondents. Policymakers should consider underlying gender differences when designing future health-promoting measures.