The average value of assets held by 124 Upper House members elected or re-elected last July was reported to be at a record-low of ¥18.35 million ($170,000), a Kyodo News tally showed Monday.

The value of financial assets, land and property held by House of Councilors members fell 38.6 percent, from ¥29.90 million in the previous survey in 2017.

The average amount is the lowest for members of both chambers of the Diet since 1993, when a law came into effect requiring them to declare the worth of their assets.