NEWSWORTHY
Japan's household assets rise for eighth straight quarter thanks to positive performance of shares
Financial assets held by Japanese households stood at ¥1.8 quadrillion ($16.5 trillion) at the end of June, rising for the eighth straight quarter, the Bank of Japan said Thursday. The figure climbed 2.2 percent from a year earlier thanks to an appreciation in share prices. By ...
Household assets in Japan hit record-high ¥1.83 quadrillion at end of 2017 fiscal year
Financial assets held by households stood at a record ¥1.83 quadrillion ($17 trillion) at the end of March, climbing 2.5 percent from a year earlier thanks to a rise in share prices, the Bank of Japan said Wednesday. The figure marked a record-high on a ...
Assets held by members of Japan's House of Representatives sink to record-low ¥29 million
House of Representatives lawmakers held a record-low average of ¥29.17 million ($274,000) in assets, according to a tally based on data they released Monday after the 2017 snap election. The data cover financial assets, land and property held by members of the Lower House who ...
Bitcoin bubble and bond boom shaped 2017, which brought mixed results for stocks
It was a great year to hold bitcoin, but a bad time to have been invested in the Uzbek som. As 2017 winds to a close, a look at the winners and losers around the globe shows that, broadly speaking, the riskiest assets performed well, ...
Survey shows households' financial assets increasing helped by Abenomics
An improving job market driven by Japan's economic recovery and booming stock prices helped increase households' net worth this year, a survey showed, suggesting the benefits of Abenomics, Prime Minister Shinzo Abe's economics policies, are broadening. Households' average financial assets rose 6.8 percent from a ...
Japan regulator scrutinizes regional banks' fund buying as risks soar
The nation's regional banks, desperate to boost returns with interest rates around zero, are coming under scrutiny from regulators as they increase purchases of risky investment trusts. The Financial Services Agency (FSA) has been talking to bankers to gauge whether the firms have the knowledge ...
The House of Representatives could vote in the coming days on legislation backed by Republican and Democratic lawmakers to broaden U.S. sanctions on North Korea, House leaders said on Thursday, a day after Pyongyang announced it had tested a hydrogen nuclear device. Republican House Speaker ...
BOJ posts ¥628.8 billion net profit in first half, thanks to JGB income
The Bank of Japan posted a net profit of ¥628.8 billion ($5.13 billion) in the April-September first half, thanks mainly to interest from its massive purchases of Japanese government bonds, it said. The profit, up 7 percent from a year ago, marks the central bank's ...
Value of household assets inflates to ¥1.708 quadrillion, thanks to BOJ strategy
Financial assets held by Japanese households came to a record high of ¥1.708 quadrillion at the end of March, up 5.2 percent from a year earlier, as a weak yen and rising share prices boosted their value, the Bank of Japan said Monday. The key ...
Under 'Abenomics,' rich thrive but middle class on precipice
The recent debate over wealth inequality has highlighted an unpleasant fact for policymakers — that the income gap between rich and poor is not shrinking, even though Prime Minister Shinzo Abe's economic policies have been in play for two years now.
German Catholic archdiocese reveals it's richer than Vatican
The Roman Catholic archdiocese of Cologne in Germany has disclosed it is worth €3.35 billion ($3.82 billion), making it richer than the Vatican. Publication of the first full report of its wealth reflects greater financial transparency within the German Church since Pope Francis removed a ...
