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MNI BRIEF: Japan H’hold Assets Reach JPY2,212 Trln End-June

MNI (TOKYO) - The balance of financial assets held by Japanese households stood at a record high of JPY2,212 trillion at the end of June, up 4.6% y/y and for the 17th straight quarterly rise, preliminary fund circulation data released by the Bank of Japan on Thursday showed.

The balance of cash and deposits held by Japanese households at the end of June stood at JPY1,127 trillion, up 0.8% from a year earlier. The balance of cash and deposits accounted for 51.0% of the total financial assets, showing Japanese households continued to refrain from buying financial assets.

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MNI (TOKYO) - The balance of financial assets held by Japanese households stood at a record high of JPY2,212 trillion at the end of June, up 4.6% y/y and for the 17th straight quarterly rise, preliminary fund circulation data released by the Bank of Japan on Thursday showed.

The balance of cash and deposits held by Japanese households at the end of June stood at JPY1,127 trillion, up 0.8% from a year earlier. The balance of cash and deposits accounted for 51.0% of the total financial assets, showing Japanese households continued to refrain from buying financial assets.

Keep reading...Show less