Intellasia East Asia News – Japanese Household Assets Hit 2,007,000,000 JPY in June

Assets held by Japanese households stood at 2,007 trillion yen at the end of June, up 1.3% from a year earlier and the second highest level on record, underscoring the slow recovery in spending in Japan. amid the COVID-19 pandemic, according to data from the Bank of Japan. .

Total household assets, including cash and deposits as well as securities, were near a record high of 2.014 trillion yen at the end of last year. Cash and deposits, which accounted for more than half of the total, rose 2.8% to a record 1.102 trillion yen.

Assets in the form of securities fell 3.3% from a year earlier to 199 trillion yen, reflecting lower stock prices, the data showed.

The BOJ has maintained an ultra-low rate policy to support the economy hit by the COVID-19 pandemic.

As part of its yield curve control program, the central bank set short-term interest rates at minus 0.1% while guiding yields on 10-year Japanese government bonds around zero. % through purchases.

As a result, the BOJ held 44.3% of outstanding government bonds, with its holdings at 542 trillion yen, up 0.5%. Those held by foreign investors, meanwhile, rose 2.7% to 167 trillion yen, or 13.6% of the total, the data showed.

Category: Japan

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