Avg. of household financial assets rises

Jiji Press TOKYO (Jiji Press) — The average financial assets held by Japanese households with two or more members this year rose 6.8 percent from the previous year to ¥11.51 million, a survey showed Friday.

The first household asset increase in two years reflected “a rise in stock prices,” said the Central Council for Financial Services Information, which conducted the survey.

Savings and deposits made up the bulk of the financial assets, at ¥6.23 million, followed by insurance policies at ¥2.83 million and stocks and other securities at ¥2.07 million, according to the financial public relations body, whose secretariat is the Bank of Japan.

Of the total assets, the proportion of savings and deposits declined, while that of stocks and other securities grew 1.9 percentage points.

The survey, conducted between June and July, covered 8,000 households. Valid responses were received from 47.1 percent.Speech

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