MNI BRIEF: Japan H’hold Assets at JPY2,230 Trln End-Dec
MNI (TOKYO) - The balance of financial assets held by Japanese households stood at a record high of JPY2,230 trillion at the end of December, up 4.0% y/y due to bonuses and for the 19th straight quarterly rise, preliminary fund circulation data released by the Bank of Japan on Friday showed.
The balance of cash and deposits held by Japanese households at the end of December stood at JPY1,134 trillion, up 0.6% from a year earlier.
The balance of cash and deposits accounted for 50.9% of the total financial assets, showing Japanese households continued refraining from buying financial assets.
Government bonds and Treasury bills held by the BOJ stood at JPY561 trillion at the end of December, down 4.1% y/y and accounting for 46.3% of total government debt, the single largest holder, down from 46.7% at the end of Sept.
The balance of government bonds and Treasury bills held by non-Japanese totaled JPY144 trillion at the end of December, down 10.9% y/y, and accounting for 11.89% of total government bonds, down from 11.95% at the end of September.