(Bloomberg) -- The value of mutual funds and bonds
held by Japanese households surged to a record last quarter, as
the lowest interest rates among major economies prompted
individuals to shift money from savings accounts in search of
higher returns.
Mutual funds held by households rose 5.2 percent to 68
trillion yen ($552 billion) in the three months ended March 31,
the Bank of Japan said in its quarterly flow of funds report in
Tokyo today. Bonds owned by households climbed 3.2 percent to 33
trillion yen.
Read more at Bloomberg Bonds News
held by Japanese households surged to a record last quarter, as
the lowest interest rates among major economies prompted
individuals to shift money from savings accounts in search of
higher returns.
Mutual funds held by households rose 5.2 percent to 68
trillion yen ($552 billion) in the three months ended March 31,
the Bank of Japan said in its quarterly flow of funds report in
Tokyo today. Bonds owned by households climbed 3.2 percent to 33
trillion yen.
Read more at Bloomberg Bonds News
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