Japan’s Households Rev Up Yield Hunt as Inflation Erodes Savings

Japan’s households stepped up their quest for yield by boosting risk assets to more than a fifth of their total assets for the first time, as prolonged inflation erodes the value of cash holdings.

The ratio of stocks and investment trusts in Japan’s household assets climbed to 20.6% at the end of September, the highest share in records going back to 1997, according to Bloomberg calculations based on the Bank of Japan’s quarterly flow of funds data released Wednesday.