• Kyodo News

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The outstanding balance of households’ financial assets as of the end of fiscal 2009 through March rose 3.1 percent from a year earlier, marking the first growth in three years amid a recovery in stock markets, a Bank of Japan quarterly survey showed Thursday.

The balance totaled ¥1.453 quadrillion.

The rate of increase was the highest since the end of fiscal 2005, when it rose 6.3 percent, according to the BOJ.

On March 31, the key Nikkei stock index rose around 37 percent from a year earlier to close at 11,089.94, showing signs of recovery following the global financial crisis.

By type of financial asset, cash and deposits rose 1.5 percent to ¥798.20 trillion for the fourth straight yearly increase, while shares and other assets grew 23.8 percent to ¥102.52 trillion, marking the first upturn in three years.

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