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MNI BRIEF: Japan Household Financial Assets At Record End Q1

(MNI) Tokyo
TOKYO (MNI)

The balance of financial assets held by Japanese households posted a record high of JPY2,005 trillion at the end of March 2022 on a fiscal year end basis, up 2.4% y/y and the eighth straight quarterly rise, preliminary fund circulation data released by the Bank of Japan on Monday showed.

The balance of cash and deposits held by Japanese households at the end of March stood at JPY1,088 trillion, up 2.9% from a year earlier. Japan's fiscal year ends on March 31. The balance of cash and deposits accounted for 54.3% of the total financial assets.

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The balance of financial assets held by Japanese households posted a record high of JPY2,005 trillion at the end of March 2022 on a fiscal year end basis, up 2.4% y/y and the eighth straight quarterly rise, preliminary fund circulation data released by the Bank of Japan on Monday showed.

The balance of cash and deposits held by Japanese households at the end of March stood at JPY1,088 trillion, up 2.9% from a year earlier. Japan's fiscal year ends on March 31. The balance of cash and deposits accounted for 54.3% of the total financial assets.

Keep reading...Show less