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FRANCE DATA

July Flash PMI: Modest Deceleration

FOREX

FX OPTION EXPIRY (updated)

GERMAN DATA

Correction to Previous Bullet: July, Not June PMI

EURIBOR

EURIBOR FIX

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The balance of financial assets held by Japanese households reached a record high of JPY1,946 trillion at the end of March, up 7.1% y/y in the fourth consecutive quarterly rise, according to preliminary fund circulation data released on Friday by the Bank of Japan.

The rise in financial assets was mainly due to the increase in cash and deposits, the rise in stock prices, and the tendency for people to save money in a crisis.

The balance of cash and deposits held by households at the end of March stood at JPY1,056 trillion, up 5.5% from a year earlier.

Government bonds held by the BOJ stood at JPY542 trillion, up 8.5% y/y and accounting for 44.5% of total government debt, the single largest share but down from 44.7% at the end of December.