Japanese household assets rise to record Y1,800 tril at end of Dec

TOKYO —

Financial assets held by Japanese households rose 0.9% from a year earlier to a record 1,800 trillion yen ($15.86 trillion) at the end of December, Bank of Japan data shows.

The growth came as the market value of various assets increased on the back of growing expectations that economic policies to be implemented by U.S. President Donald Trump may bolster the U.S. economy, in turn helping boost the global economy.

By asset type, cash and deposits, which accounted for 52% of the overall households’ financial assets, climbed 1.8 percent to 937 trillion yen, while equities fell 0.4% to 167 trillion yen.

The data also showed the outstanding balance of Japanese government bonds grew 4.0 percent from a year earlier to 1,076 trillion yen.

Government bonds held by foreign investors gained 4.1 percent to 113 trillion yen, comprising 10.5% of the total.

© KYODO

  • 2

    MsDelicious

    What about the average Japanese household?

  • -3

    JeffLee

    "What about the average Japanese household?"

    The number is an aggregate. So divide by it the total number of Japanese households and bingo.

    Those savvy foreign investors can't get enough of Japanese govt bonds. LOL.

  • 0

    Wakarimasen

    This comes to about USD 127k per person in Japan. If household assets include value of property then not that huge. plus can only imagine the disparity in these numbers between those with huge amounts and those with nothing.

  • -1

    GyGene

    Thanks, Wakarimasen, I was wondering how much per person.

  • 1

    oyatoi

    Little to celebrate here. With deposit interest rates virtually zero for the past 15 years, the real value of these holdings is constantly eroding. The harsh reality is one of people running to stand still, constantly fearing the wolf at the door, and making a mockery of politicians hollow rhetoric that the sky is blue and people are eager to spend.

  • 0

    Reckless

    do these people know that all the cash they saved has been used by their bank to buy japanese government bonds that will never be repaid?

  • -1

    geronimo2006

    Psssssst. Reckless What are you doing? Cut it out! You know the whole system will fall apart if people figure that out. So what if Japan is the most indebted country in the world by far. As long as the sheeple keep their money in Japanese banks, vote for Abe & cronies and get 0% interest everything is just fine in DreamonJapan.

  • 2

    JeffLee

    ".....to buy japanese government bonds that will never be repaid?"

    On what grounds do you say that? The bonds are being repaid now, have ALWAYS been repaid, while foreign investors are increasing their holdings. How and why would the world's largest creditor default on debt it overwhelmingly owns and is denominated in a currency it prints?

  • -3

    canadianbento

    What a pile of "crap", tell the truth about how many people are in debt up to their necks! Why is it the Government can never tell a truthfull story?

  • -2

    kurisupisu

    Ask the average Japanese person what assets they hold and car or wide screen tv is the most likely answer.....

  • 1

    MsDelicious

    Jeff got it right.

  • 0

    Reckless

    you could have a helluva a party with 1,800 trillion yen.

  • 0

    fxgai

    '... denominated in a currency it prints'

    Just like Venezuela.

    Not the best defense of loads of debt I've ever seen.

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