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BOJ Survey Data Reveals Signs of Growing Inequality in Japan

  • Single-member households with no financial assets reach 48%
  • Widening inequality poses challenge for Abe's economic goals
Updated on

Signs of inequality in Japan are increasing as people living on their own fall further behind and wealthier households accumulate more assets, according to surveys released Thursday by the Bank of Japan.

The ratio of single-member households with no financial assets climbed to almost 48 percent in 2015, the highest level since 2007, from about 39 percent a year earlier, according to an annual survey by the central bank. At the same time, households with two or more people who held assets such as stocks and bonds saw these rise to a record high 18.2 million yen ($149,597), a separate BOJ report showed.