Reported about 17 hours ago
Recent data from the Bank of Japan reveals that households in Japan have significantly reduced their cash holdings at a record speed in response to rising living costs. In the last quarter, cash holdings fell to ¥105.3 trillion ($707 billion), marking a 3.4% decline compared to the previous year, driven by increased cashless transactions and higher consumer spending due to inflation. Meanwhile, investments in assets like investment trusts and government bonds saw a notable rise, indicating a shift in household financial behavior.
Source: YAHOO