Household financial assets hit record at FY 2016 end
June 27, 2017
Tokyo- The balance of household financial assets in Japan at the March 31 end of fiscal 2016 grew 2.7 percent from a year before to 1,809 trillion yen, hitting a record high on a fiscal year-end basis, a Bank of Japan report showed Tuesday.
Cash and deposits increased thanks chiefly to wage growth, while the appraised value of stock and investment trust holdings were pushed up by higher stock prices.
Still, the figure at the end of fiscal 2016 was lower than 1,815 trillion yen, an all-time high marked at the end of calendar 2016.
By asset category, cash and deposits grew 2.3 percent to 932 trillion yen.
Stocks and related investments rose 7.9 percent to 181 trillion yen, and investment trusts were up 7.2 percent at 99 trillion yen.
In fiscal 2016, the benchmark 225-issue Nikkei average on the Tokyo Stock Exchange soared 2,150.59 points, or 12.83 percent, to close at 18,909.26 on March 31.
Non-financial firms' financial assets expanded 6.9 pct to 1,153 trillion yen, hitting a record high. Cash and deposits rose 5.1 pct to 255 trillion yen and stock investments expanded 12.5 percent to 349 trillion yen. (Jiji Press)
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