Japan Household Assets Rise for First Quarter in Five, BOJ Says
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The value of financial assets held by Japanese households rose for the first time in five quarters, a Bank of Japan report showed.
Household assets rose 1.2 percent from a year earlier to 1,491 trillion yen ($19 trillion) in the three months ended June 30, according to the central bank’s flow of funds report released today in Tokyo. Cash holdings rose 1.9 percent, while stock holdings fell 0.6 percent and bond holdings dropped by 10.4 percent, the report showed.