Japan Household Wealth Hits New High

TOKYO, Sep 19 (News On Japan) - Household financial assets have reached a record high, driven by rising stock prices and the expansion of NISA investment programs.

According to the Bank of Japan, as of the end of June, household holdings of deposits, stocks, insurance, and other financial assets rose 1 percent from a year earlier to 2,239 trillion yen, the highest level on record. The gains reflect a strong stock market and wider use of tax-advantaged NISA accounts.

On the Tokyo Stock Exchange, the Nikkei Stock Average recently surpassed 45,000 yen for the first time, underscoring sustained market strength.

Within household portfolios, stock holdings increased 4.9 percent compared with the same period last year, while investment trusts climbed 9 percent.

By contrast, cash and deposits edged down 0.1 percent, partly reflecting the broader shift toward cashless transactions.

Source: TBS

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