Japan wealthy households reach record high in 2023

Data from Nomura Research Institute indicates that the number of wealthy and ultra-wealthy households in Japan reached a record high in 2023. Wealthy households are defined as those with net financial assets between 100 million and 500 million yen, while ultra-wealthy households possess 500 million yen or more.

As of 2023, there were approximately 1.535 million wealthy households and 118,000 ultra-wealthy households, representing roughly 2.75% and 0.21% of all households, respectively. This marks an increase from the 2021 survey, which recorded 1.395 million wealthy households and 90,000 ultra-wealthy households.