Japan aims to raise the share of household financial assets held in stocks, trusts, and bonds to 40% by 2040 as part of a broader push away from cash savings, Nikkei Asia reported on Tuesday, citing the government.
The strategy, expected to be finalized by summer, aligns with Prime Minister Takaichi's focus on boosting investment in priority sectors like AI, the news agency said.
Currently, these assets make up just 23% of the nation's 2.35 quadrillion yen household holdings, the publication said, citing the central bank data.
The government sees the shift as critical to mobilizing private capital for long-term growth and technological competitiveness, the report said.
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