MNI BRIEF: Japan H’hold Financial Assets Rise To JPY2,005 Trln

The balance of financial assets held by Japanese households stood at JPY2,005 trillion at the end of September, up 0.8% y/y and marking the 10th 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 September stood at JPY1,100 trillion, up 2.5% from a year earlier.

The high balance of cash and deposits are alleviating the impact of soaring consumer prices caused by the rise in resource prices and the weak yen, and is supporting consumer spending. The balance of cash and deposits accounted for 54.8% of the total financial assets.

Government bonds held by the BOJ stood at JPY545 trillion at the end of September, up 1.3% y/y and marking the second quarterly straight rise, and accounting for 44.86% of total government debt, the single largest share and up from 44.27% at the end of June

The balance of government bonds held by non-Japanese totaled JPY171 trillion at the end of September, up 3.8% y/y and accounting for 14.08% of total government bonds, up from 13.64% at the end of June.