Japan's national wealth hits record $27tn as building, land values rise

High material prices drive 7th straight year of growth

20240119N Tokyo buildings

Higher prices for materials boosted the value of "produced assets" such as buildings. © Reuters

HIROFUMI KANAOKA, Nikkei staff writer

TOKYO -- Japan's national net worth reached 3.999 quadrillion yen ($27 trillion) at the end of 2022, the highest tally in comparable data going back to 1994, according to government data released Friday.

The 3.3% increase on the year marked a seventh straight year of growth, reflecting higher material costs that boosted the value of items like homes and capital goods.

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