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Japanese Household Assets Reach ¥2,000 Trillion
According to the Bank of Japan’s statistics on the flow of funds, the balance of household assets as of September 30, 2021 increased 5.7% compared to September 30, 2020, reaching a record high of ¥1,999.8 trillion. This one-year period coincided with various pandemic states of emergency that led to restrained consumption and increased cash and deposits. In addition, rising stock prices led to an increase in the balance of stocks and investment trusts. Household financial assets have doubled in the 30 years since 1990, when they first surpassed ¥1,000 trillion, as they are now on the verge of reaching ¥2,000 ... (full story)