Financial assets held by individuals reached a record high of 2,141 trillion yen as of the end of December last year.
This was due to an increase in the balance of stocks and investment trusts due to rising stock prices.
According to the Fund Flow Statistics published by the Bank of Japan every three months, financial assets such as deposits, stocks, and insurance held by individuals amounted to 2,141 trillion yen as of the end of December last year, 5.1% compared to the same period the previous year. The number increased to a new all-time high.
Of these,
``Stocks, etc.'' increased by 29.2% to 276 trillion yen,
and ``Investment trusts'' increased by 22.4% to 106 trillion yen,
both new record highs.
The balance of stocks and investment trusts has increased significantly due to the strong performance of Japanese companies and the rise in stock prices due to the strong American economy, which has pushed up the overall financial assets of individuals.
Japan's personal financial assets have consistently had a high proportion of cash and deposits, but in this survey, "cash and deposits" accounted for 1,127 trillion yen, accounting for 52.6% of total personal financial assets. This is an increase of 1% compared to the same period last year.
Since January this year, the government has been supporting the shift from savings to investment by expanding the NISA tax incentive system, but the focus is on how cash and deposits held by individuals will behave in the future.