Where the World's Millionaires Live

By Nikhil Hutheesing - 2013-05-30T16:00:09Z

Photograph by Samuel Zuder/laif/Redux

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14. Japan

Population: 127.3 million
Percentage of millionaire households: 2.6%

In 2012, Japan was the fourth-largest national economy in the world, based on purchasing power parity, after the U.S., China and India. The country’s new government is focused on “Abenomics,” after Prime Minister Shinzo Abe -- restructuring the economy and reducing the government debt, which exceeds 200 percent of gross domestic product. All this gave stocks a lift in 2012 and into 2013, though stocks entered a correction with the Tokyo Price Stock Index falling 11 percent between May 22 and May 30. Still, the Index is up over 31 percent this year alone, through May 30. Tough economic circumstances have taken a toll: The number of millionaire households fell to 1.46 million last year, from 1.58 million in 2011, according to The Boston Consulting Group. Japan's richest person is Tadashi Yanai, founder of clothing retailer Uniqlo, who is worth $19 billion, according to data compiled by Bloomberg.

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