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Japan's Gold Sales Jump Thanks to Abenomics Worries

  • Gold sales rise 60% in June from May at Tanaka Holdings
  • Investors ‘seeking to protect their assets’: adviser Toshima
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Photographer: Kiyoshi Ota/Bloomberg
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Tetsushi Kudo, a 50-year-old office worker, bought a one-ounce gold coin this month for the first time. With stocks slumping and zero percent interest on savings, he says it won’t be the last.

“I want to buy gold every year as a birthday present for my daughter,” Kudo said at a store in Tokyo’s posh Ginza district where he made the 162,000 yen ($1,600) purchase. “She will thank me for the gift when she grows up because gold will have value wherever she goes.”