Financial assets such as deposits and stocks held by individuals reached a record high of 1992 trillion yen as of the end of June.
In addition to the increase in deposits due to the restraint of consumption due to the influence of the new coronavirus, the rise in stock prices, mainly in the United States, pushed up the value of financial assets.
According to the "Financial Circulation Statistics" released by the Bank of Japan, financial assets such as deposits, stocks, and insurance held by individuals amounted to 1992 trillion yen as of the end of June.
It increased by 6.3% compared to the same period last year, setting a new record high.
Breaking it down,
▽ "cash and deposits" accounted for the largest amount at 1072 trillion yen, up 4% from last year and accounting for more than half of the total.
It is believed that the new coronavirus has reduced consumption such as travel and eating and drinking, and that summer bonuses have turned into savings.
Furthermore, in response to the rise in stock prices mainly in the United States,
▽ "stocks, etc." increased by 30% from last year to 210 trillion yen, and
▽ "investment trusts" managed by stocks and bonds, etc.
increased to
89 trillion yen. This also increased by 28.7%.