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Savings and Stocks Make Japanese Households Richer Than Ever

Financial assets reach a whopping 1,800 trillion yen
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Photographer: Behrouz Mehri/AFP via Getty Images

While the government is heavily indebted, the wealth of Japan’s households climbed to a fresh record at the end of 2016, helped by a rebound in stocks and people saving more. 

The Japanese had a record 1,800 trillion yen ($16 trillion) in savings, stocks and other financial assets as the end of last year. Of this, 937 trillion yen was in cash and deposits.