The outstanding balance of the nation's household financial assets at the end of 2009 climbed by 2.5 percent from a year earlier, posting its first increase in three years, according to the Bank of Japan.
The central bank's quarterly flow of funds report said the outstanding balance of household financial assets in the October-December period that ended on Dec. 31 last year rose by 35 trillion yen to 1.46 yen quadrillion.
The balance stayed above the 1.4 yen quadrillion mark for the seventh straight year.
An increase in the value of shares and investment trusts thanks to a recovery of stock prices pushed up the value of households' financial assets, the central bank said.
By type of financial asset, shares and other equities, valued at 97 trillion yen, saw a 16.2 percent year-on-year increase, while assets in the form of investment trust and beneficiary certificates rose by 10.8 percent to 53 trillion yen.
Household assets in the shape of cash and deposits, which account for 55.2 percent of the total, rose by 1.5 percent to 804 trillion yen--a record high since the central bank began compiling such data in 1979.
The Bank of Japan said households' efforts to cut back on spending to cope with unchanged or declining incomes helped increase the financial assets.
http://www.yomiuri.co.jp/dy/business/T100323005811.htm
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