Japan's efforts to motivate households to unlock their massive financial assets held in cash or deposits for investments has hardly made progress over the past few decades.
According to the Bank of Japan, total financial assets held by Japanese households stood at ¥2.12 quadrillion as of last September, more than half of which were held in cash or savings accounts.
But now there are lofty expectations among those in the financial industry that the tide will finally turn.
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