Japan: 1.3 million households with assets exceeding 100 million yen

The latest survey data released by Nomura Research Institute shows that the total number of Japanese households is at five different wealth levels based on net financial assets (including deposits, savings, stocks, bonds, investment trust funds and annuities minus liabilities).

The institute calculated that there were 87,000 households that fall into its definition of high-net-worth households , with net financial assets exceeding 500 million yen. Together with 1.2 million wealthy households (100 million to 500 million yen), there were 1.3 million households with assets exceeding 100 million yen, the highest level so far in the survey and 60,000 more than in 2017.

At other levels, 3.4 million households with household assets between 50 million and 100 million yen are defined as "mass affluent", 7.1 million households with household assets between 30 million and 50 million yen are defined as "upper mass market" , and 42.2 million households with household assets below 30 million yen are defined as "mass market" ( 10 million yen is equivalent to 611,800 yuan) .

The institute also calculated the total assets held by each class. HNWI households have 97 trillion yen, wealthy households have 236 trillion yen, mass affluent households have 255 trillion yen, high-end mass market households have 310 trillion yen, and mass market households have 656 trillion yen.

Since the Abenomics economic strategy was introduced, the number of wealthy individuals and wealthy households and the total amount of assets held have been increasing since 2013. As the value of stocks and other assets has risen, some mass wealthy households have become wealthy by managing and investing their assets, and some wealthy households have risen to high net worth households .

Although the sudden outbreak of the COVID-19 pandemic in 2020 has led to a deterioration in Japan's economic indicators, according to data from the Bank of Japan and Japan Macroeconomic Advisors, as of September 2020, Japanese households had a total of 190.14 trillion yen in financial assets, which showed an overall upward trend.

As a developed country, there is an interesting phenomenon about Japanese household assets. Japanese households are well-known for their preference for cash, which represents the majority of their financial assets.

Cash and deposits account for about 53% of Japanese household financial assets , followed closely by insurance and pension reserves, which account for nearly 29% of total assets .

Japan

Family assets

cash