Japan households' financial assets hit record $14tn on stock rally

Cash still makes up more than half of portfolio

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Households in Japan hold a record amount of financial assets now. (Photo by Kento Awashima)

Nikkei staff writers

TOKYO -- Japanese households had 2.115 quadrillion yen ($14.3 trillion) in financial assets as of the end of June, a 4.6% gain on the year, as a stock market surge boosted their shareholdings in a country known for strong preference for cash.

The total assets crossed the 2.1 quadrillion yen mark for the first time, according to preliminary figures released Wednesday by the Bank of Japan.

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