regional average of US$3.3 million and global average of
However, wealth is both wider spread and more
prevalent in Japan compared to its Asian neighbors.
Specifically, Japan’s wealthy individuals own combined
financial assets of US$3.5 trillion (46% of the total assets
owned by Asia’s wealthy individuals). In addition, Japan’s
wealthy individuals represent 59% of those in the Asia
region with over US$1 million in financial assets alone.
At the same time, there is also a growing divide in Japan
between “rich” and “poor,” and a consequent narrowing
of the middle class majority, a hallmark of Japan over
the past decades. However, this phenomenon continues
to be far less pronounced than in other developed
For example, the average annual household income for
Japan’s 47.5 million households is approximately 5.6
million yen; specific segments exhibit far higher annual
household incomes than this already rather high average.
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