TOKYO, Sep 19 (News On Japan) –
Household monetary property have reached a file excessive, pushed by rising stock costs and the enlargement of NISA funding packages.
According to the Bank of Japan, as of the tip of June, family holdings of deposits, shares, insurance coverage, and different monetary property rose 1 p.c from a 12 months earlier to 2,239 trillion yen, the best degree on file. The positive factors mirror a robust stock market and wider use of tax-advantaged NISA accounts.
On the Tokyo Stock Exchange, the Nikkei Stock Average not too long ago surpassed 45,000 yen for the primary time, underscoring sustained market energy.
Within family portfolios, stock holdings elevated 4.9 p.c in contrast with the identical interval final 12 months, whereas funding trusts climbed 9 p.c.
By distinction, money and deposits edged down 0.1 p.c, partly reflecting the broader shift towards cashless transactions.
Source: TBS