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MNI BRIEF: Japan H’hold Cash, Deposits at Record JPY1,102 Trln

(MNI) Tokyo
True

The balance of cash and deposits held by Japanese households at the end of June rose to a record high of JPY1,102 trillion, up 2.8% from a year earlier, thanks to bonus payments, preliminary data released by the Bank of Japan on Tuesday showed.

The high balance of cash and deposits are alleviating the impact of soaring consumer prices caused by rising resource prices and the weak yen, and helping support consumer spending.

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The balance of cash and deposits held by Japanese households at the end of June rose to a record high of JPY1,102 trillion, up 2.8% from a year earlier, thanks to bonus payments, preliminary data released by the Bank of Japan on Tuesday showed.

The high balance of cash and deposits are alleviating the impact of soaring consumer prices caused by rising resource prices and the weak yen, and helping support consumer spending.

Keep reading...Show less