Financial assets of Japanese families rise to a record high during “Corona”

Financial assets owned by Japanese families jumped to a record high of 1901 trillion yen ($ 18.38 trillion) during the period from July to last September, as the Corona Covid-19 epidemic reduced spending and boosted savings, according to a report by the Bank of Japan Central, which represented an increase of 2.7% on an annual basis.

“Cash and deposits” increased by 4.9%, and “investment funds” by 1.6%, supported by the recovery of stock prices … while the value of “shares and similar assets” decreased by 1.8%.

The balance of government bond holdings at the Bank of Japan rose by 8.3% year-on-year, to a record high of 542 trillion yen by the end of September.