Japan households ramp up overseas investments, weighing down yen
TOKYO — Japanese households are snapping up more overseas assets as they shift their focus from saving to investing, a trend seen potentially leading to a further weakness in the yen.
Total assets held by Japanese households grew 7.1% in a year to 2.2 quadrillion yen ($13.7 trillion) as of the end of March, according to new data published Thursday by the Bank of Japan.