Japan household assets up 1.8% in June as cash rises amid virus

Assets held by Japanese households rose 1.8 percent from a year ago to 1,883 trillion yen ($18 trillion) at the end of June, as the coronavirus pandemic hit consumption and people took to the safety of cash and deposits, Bank of Japan data showed Friday.Cash and deposits jumped 4.0 percent to a record 1,031 trillion yen, accounting for about half of the total assets held by Japanese households.The gain is due in part to the government’s 100,000 yen cash handout program for all residents in Japan to cope with the coronavirus crisis.Equities dropped 4.3 percent to 173 trillion yen as stock marke…

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HEDGE accordingly