Financial assets such as deposits and stocks held by individuals reached a record high of 6,2115 trillion yen as of the end of June. The main reason for this was an increase in the amount outstanding of stocks and investment trusts against the backdrop of rising stock prices.
According to the Flow of Funds Statistics released by the Bank of Japan every three months, financial assets such as deposits, stocks, and insurance held by individuals amounted to 3,6 trillion yen as of the end of June.
This is an increase of 2115.4% from the same period last year, setting a new record high.
This was due to an increase in the balance of stocks and investment trusts against the backdrop of rising stock prices, etc., and ▽ "stocks
, etc." increased by 26% to 268 trillion yen ▽ "investment trusts" increased by 15.9% to 100 trillion yen
.
On the other hand, cash and deposits increased by 1.4% to 1117,52 trillion yen.
Cash and deposits accounted for 8.1% of total personal financial assets.
The government wants to promote measures to boost individual asset formation and economic growth by allocating savings to investment, such as expanding the NISA tax incentive system for individual investors in January next year, but the focus will be on how the huge amount of cash and deposits held by individuals will move in the future.