"(Japanese) Households had 835 trillion yen in cash and deposits at the end of March, up 2.3 percent from the same period in the previous year, for the sixth annual rise, reflecting a preference for liquid assets over bonds. Liquid deposits rose 4.9 percent to 311 trillion yen over the period, exceeding the 0.6 percent rise in term deposits."
Source: Foreign Ownership of JGBs
Highest Since '79
By Toru Fujioka and Masahiro Hidaka
June 18, 2012