Japan End-March Household Financial Assets Up 0.3 Pct
Tokyo, June 27 (Jiji Press)--The balance of household financial assets in Japan as of March 31 edged up 0.3 pct from a year before to 1,835 trillion yen, a Bank of Japan report showed Thursday.
The balance at the end of fiscal 2018 hit a record high on a fiscal year-end basis for the 10th straight year, thanks mainly to an increase in cash and deposits reflecting wage growth.
By asset category, cash and deposits, accounting for 53.3 pct of the total, grew 1.9 pct to 977 trillion yen.
Meanwhile, stocks and related investments dropped 9.5 pct to 183 trillion yen due to a fall in stock prices. Investment trust funds also decreased 2.2 pct to 71 trillion yen.
Nonfinancial firms' financial assets rose 0.9 pct to a record 1,176 trillion yen. Of them, cash and deposits grew 3.6 pct to 273 trillion yen.
[Copyright The Jiji Press, Ltd.]