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Individual financial assets reach record high in Japan
video Financial assets held by individuals in Japan have risen to a record high against the background of strong stock markets. The Bank of Japan's latest quarterly survey shows the total amount of people's cash savings, securities and other assets was 2,115 trillion yen, or about 14 trillion dollars, as of the end of June. That is an increase of 4.6 percent in yen terms compared to a year earlier. Equity holdings grew 26 percent to about 1.8 trillion dollars, and investment trusts rose 16 percent to around 700 billion dollars. Tokyo's benchmark Nikkei Stock Average climbed to levels not seen for more than three ... (full story)