Japanese household assets mark record high on less spending, rising stock prices

23 Jan 2025

Japanese household assets mark record high on less spending, rising stock prices
TOKYO: Assets held by Japanese households reached a record at 1,999.8 trillion yen (17.62 trillion U.S. dollars) at the end of September, the highest since comparable data became available in 2005, Bank of Japan (BOJ) data showed Monday. According to the data, accounting for 53.6 percent of the overall balance, the holding of cash and deposits increased 3.7 percent to 1,072 trillion yen, as people were refrained from spending due to the COVID-19 pandemic. Many areas of Japan including Tokyo and Osaka were under a months-long COVID-19 state of emergency until the end of September, which require... Read More
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