• Kyodo

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Financial assets held by households rose 3.3 percent from a year earlier to a record ¥1.90 quadrillion ($18 trillion) at the end of December due largely to higher stock prices at the time, the Bank of Japan said Wednesday.

The figure marked a year-on-year gain for the first time in three quarters, but is expected to fall in the January-March quarter due to a sharp fall in stock prices amid global market turmoil caused by the coronavirus outbreak.

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