Individual financial assets top 2,000 tril. yen for 3rd quarter

Individual financial assets in Japan have topped 2,000 trillion yen, or almost 14 trillion dollars, for the third quarter in a row.

The Bank of Japan Flow of Funds report released Tuesday showed financial assets rose 1.3 percent year-on-year in the three months ended June.

Individual-held assets including deposits, stocks and insurance totaled 2,007 trillion yen in the period.

Currency and deposits grew 2.8 percent, accounting for almost 55 percent of all individual financial assets.

The central bank says people saved some of their summer bonuses, and that the weaker yen boosted the value of their insurance denominated in foreign currencies. These trends increased their financial assets.