Statistical Data
End of FY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Regular
Members 290 281 266 267 289 308 317 321 305 293 285 261 255 254 256 No less than ￥50
million to less than
￥200 million 51 49 49 50 55 51 51 51 50 44 43 41 40 39 39
No less than ￥200 million to less than
￥300 million 11 13 11 11 14 20 19 21 19 14 13 15 15 18 18
No less than ￥300 million to less than
￥1 billion 79 79 76 76 88 99 102 103 96 96 92 80 75 75 73
No less than ￥1 billion to less than
￥3 billion 45 37 37 38 36 37 45 46 45 45 41 37 38 35 39
No less than ￥3 billion to less than
￥5 billion 14 14 14 15 15 19 21 23 23 26 26 25 23 24 27
No less than ￥5 billion to less than
￥10 billion 11 15 13 14 14 15 17 17 19 19 19 19 18 17 16
No less than ￥10
billion 30 27 26 25 27 35 33 33 28 26 29 28 30 31 31
Foreign securities
irms 49 47 40 38 40 32 29 27 25 23 22 16 16 15 13
Enrollments 19 18 8 7 30 33 22 25 10 12 9 5 5 5 10
Withdrawals,
etc. 22 27 23 6 8 14 13 21 26 24 17 29 11 6 8
Changes －3 －9 －15 1 22 19 9 4 －16 －12 －8 －24 －6 －1 2
Notes: 1. The amount in the breakdown for the number of member firms shows the classification of capital for domestic securities firms.
2. In April 2004, the minimum capitalization requirement was lowered from ￥100 million to ￥50 million.
3. Withdrawals, etc. includes the decrease in the number of Regular Members due to mergers, etc.
4. The companies that withdrew effective March 31 are included in the withdrawals of the next fiscal year.
Source: Japan Securities Dealers Association
Statistical Data
Number of Special Members (Registered Financial Institutions)
End of FY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
City banks 7 7 7 7 6 6 6 6 6 6 6 6 5 5 5
Trust banks 15 14 14 14 14 14 16 15 14 14 14 12 12 12 13
Government-ailiated
inancial institutions 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3
Regional
banks 64 64 64 64 64 64 64 64 64 63 64 64 64 64 64
Second-tier
regional banks 56 53 50 48 47 46 45 44 42 42 42 41 41 41 41
Shinkin banks 38 38 36 35 37 37 38 39 40 40 40 40 40 40 40
Life insurance
companies 19 18 17 17 16 16 12 12 12 12 12 12 10 10 10
Non-life insurance
companies 17 14 14 13 13 13 10 8 8 5 5 5 5 4 4
Money market
brokers 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Foreign banks 5 4 4 5 9 8 12 15 15 15 14 14 14 14 14
Securities inance
companies 1 1 1 1 1 1 1 2 3 3 3 3 2 2 2
Credit
cooperatives 0 0 0 0 2 2 2 3 3 3 3 3 3 3 3
Other banks 4 4 4 6 5 5 9 10 10 10 10 11 10 10 10
Total 231 222 216 215 219 217 220 223 223 219 219 217 212 211 212
Note: Shinkin banks include shinkin banks and Shinkin Central Bank.
Source: Japan Securities Dealers Association
End of CY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 No. of Regular
Members’ Employees 96,692 89,294 85,027 86,406 87,913 92,661 99,139 99,200 93,308 92,056 88,807 83,056 82,976 85,358 88,108 No. of Speciied Business
Members’ Employees － － － － － － － － － － － － － － 103
Total 96,692 89,294 85,027 86,406 87,913 92,661 99,139 99,200 93,308 92,056 88,807 83,056 82,976 85,358 88,211
Source: Japan Securities Dealers Association
Employees of Regular Members and Speciied Business Members
End of FY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Head oice 290 281 266 267 289 308 317 321 305 293 285 261 255 254 256 Branches 1,683 1,565 1,511 1,529 1,514 1,534 1,561 1,575 1,550 1,563 1,544 1,491 1,454 － － Business oices 276 257 263 281 324 372 418 419 387 363 362 387 379 1,864 1,889
Total 2,249 2,103 2,040 2,077 2,127 2,214 2,296 2,315 2,242 2,219 2,191 2,139 2,088 2,118 2,145
Regular Members’ Domestic Oices
Statistical Data
End of CY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Regular
Members 75,107 72,069 67,539 69,298 71,965 76,054 81,260 81,198 77,265 75,913 73,410 69,684 70,720 72,342 74,546 Special
Members 367,485 363,470 362,908 356,353 345,374 357,542 349,261 354,559 360,071 362,095 360,289 354,990 350,703 350,533 352,020 Speciied Business
Members － － － － － － － － － － － － － － 68
Financial instruments intermediary service providers belonging to Regular Members
－ － － － 1,144 1,870 2,134 2,056 1,944 2,120 2,422 2,632 2,846 3,012 3,021
Financial instruments intermediary service providers belonging to Special Members
－ － － － 11 13 98,433 99,092 100,658 94,024 96,729 97,226 96,249 94,808 93,859
Total 442,592 435,539 430,447 425,651 418,494 435,479 531,088 536,905 539,938 534,152 532,850 524,532 520,518 520,695 523,514
Notes: 1. The JSDA began recording the number of securities sales representatives of Specified Business Members in 2015 and those in financial instruments intermediary service providers in 2005.
2. Excluding representatives of financial instruments intermediary service providers that are individuals rather than companies.
Source: Japan Securities Dealers Association
Securities Sales Representatives
CY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Class-1
(No. of Examinees) 14,761 10,135 5,544 25,452 91,739 74,148 61,716 60,635 61,108 57,099 53,680 83,918 67,586 59,088 58,379 Class-2
(No. of Examinees) 12,646 9,313 6,060 61,705 133,648 102,635 85,559 87,647 75,797 60,999 47,644 33,176 27,740 27,312 26,018 Special Members’ Class-1
(No. of Examinees) 39,817 30,807 22,843 11,754 14,266 21,715 15,995 15,233 15,575 13,152 12,636 15,352 12,672 10,128 8,731 Special Members’ Class-2
(No. of Examinees) 44,746 39,297 30,434 23,666 44,090 75,680 70,160 67,978 108,691 56,103 30,380 20,895 16,737 15,038 16,774 Total 111,970 89,552 64,881 122,577 283,743 274,178 232,430 231,493 261,171 187,353 144,340 153,341 124,735 111,566 109,902
Notes: 1. As of April 2004, employees of Special Members became eligible to take the Class-1 and Class-2 sales representative examinations.
2. As of September 2004, JSDA lifted its restrictions (must be an officer or employee of an association member firm) on eligibility for taking the Class-2 Sales Representative examination.
3. As of January 2012, JSDA lifted its restrictions (must be an officer or employee of an association member firm, must have qualified as Class-2 Sales Representative) on eligibility for taking the Class-1 Sales Representative examination.
Source: Japan Securities Dealers Association
Securities Sales Representative Exam Candidates
(%)
CY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Class-1 50.2 57.0 75.2 75.4 66.8 54.2 52.1 49.9 47.0 42.6 42.3 39.1 40.1 44.0 45.6 Class-2 77.2 68.0 79.9 72.8 66.5 57.9 58.4 54.9 55.5 53.7 60.1 54.9 54.1 53.4 53.8 Special Member’s Class-1 50.8 43.3 57.0 48.9 55.4 49.7 42.8 39.0 38.5 34.8 32.6 30.3 30.1 30.0 31.3 Special Member’s Class-2 56.3 58.0 66.6 55.7 55.8 49.9 47.6 42.6 39.9 38.9 41.4 39.5 40.5 43.6 44.7
Notes: 1. As of April 2004, employees of Special Members became eligible to take the Class-1 and Class-2 sales representative examinations.
2. As of September 2004, JSDA lifted its restrictions (must be an officer or employee of an association member firm) on eligibility for taking the Class-2 Sales Representative examination.
3. As of January 2012, JSDA lifted its restrictions (must be an officer or employee of an association member firm, must have qualified as Class-2 Sales Representative) on eligibility for taking the Class-1 Sales Representative examination.
Source: Japan Securities Dealers Association
Pass Rate of Securities Sales Representative Examination
Statistical Data
2 Performance Summary
Operating Revenues of Regular Members
(Billion yen)
FY ended 2002.3 2003.3 2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 Commission 1,669 1,469 2,046 2,221 3,195 2,956 2,830 1,797 2,128 1,898 1,634 1,793 2,461 2,293 2,297 Trading gain 401 549 871 723 1,078 856 579 435 804 540 636 896 1,097 1,237 1,088 Financial revenue 433 362 369 434 622 847 1,150 860 417 428 406 439 480 578 606
Others 1 5 7 9 15 24 23 62 31 53 33 41 49 46 46
Operating Revenues 2,505 2,386 3,294 3,388 4,911 4,686 4,582 3,156 3,381 2,920 2,710 3,171 4,088 4,156 4,038
Notes: 1. Securities firms that were not in business as of the end of March in each year are excluded.
2. Figures for fiscal 2015 ended March 2016 are on a preliminary report basis.
3. Operating revenues of member securities firms that end their business year before the end of each fiscal year (for example, the fiscal year ended March 2015 indicates the year from April 2014 to March 2015) are included since the fiscal year ended March 2015 due to the revision of the business year regulations of the financial instruments business operator.
Source: Japan Securities Dealers Association
(Billion yen)
FY ended 2002.3 2003.3 2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 Brokerage commission 674 519 889 948 1,399 1,042 898 599 552 493 390 473 870 687 689
Underwriting and
ofering commissions 158 129 197 216 246 215 120 91 234 145 75 115 170 162 176 Subscription and
distribution commissions 159 142 206 228 352 416 375 221 436 444 415 469 513 465 345 Other commissions 678 679 754 828 1,196 1,282 1,435 884 905 815 752 734 906 978 1,084 Commissions received 1,669 1,469 2,046 2,221 3,195 2,956 2,830 1,797 2,128 1,898 1,634 1,793 2,461 2,293 2,297
Notes: 1. Securities firms that were not in business as of the end of March in each year are excluded.
2. Figures for fiscal 2015 ended March 2016 are on a preliminary report basis.
3. Commission of member securities firms that end their business year before the end of each fiscal year (for example, the fiscal year ended March 2015 indicates the year from April 2014 to March 2015) are included since the fiscal year ended March 2015 due to the revision of the business year regulations of the financial instruments business operator.
Source: Japan Securities Dealers Association
Commissions Received of Regular Members
(Billion yen)
FY ended 2002.3 2003.3 2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 Selling and general
administration costs 2,266 2,040 2,221 2,319 2,793 3,043 3,123 2,761 2,773 2,618 2,286 2,317 2,628 2,813 2,798 Transaction
expenses 352 328 379 422 536 586 581 523 502 497 400 434 586 717 741 Employment
cost 1,116 972 1,096 1,105 1,345 1,431 1,390 1,122 1,202 1,104 996 1,008 1,098 1,116 1,034 Real estate &
equipment costs 302 278 266 262 265 299 325 319 307 284 256 242 245 235 231 Data processing &
oice supplies costs 272 263 270 295 314 365 419 424 413 424 385 379 429 451 476 Others 222 197 206 233 331 359 407 371 347 306 248 252 268 291 314 Financial expenses 273 223 285 335 436 646 879 705 268 268 240 273 288 349 382 Operating expenses 2,540 2,263 2,506 2,654 3,230 3,689 4,002 3,467 3,041 2,886 2,526 2,590 2,916 3,162 3,180
Notes: 1. Securities firms that were not in business as of the end of March in each year are excluded.
2. Figures for fiscal 2015 ended March 2016 are on a preliminary report basis.
3. Operating expenses of member securities firms that end their business year before the end of each fiscal year (for example, the fiscal year ended March 2015 indicates the year from April 2014 to March 2015) are included since the fiscal year ended March 2015 due to the revision of the
Operating Expenses of Regular Members
Statistical Data
(Billion yen)
FY ended 2002.3 2003.3 2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 Ordinary Proits
/ Losses －17 135 793 758 1,699 1,015 657 －243 333 87 217 605 1,189 1,019 895 Net income /
Loss －348 －169 508 483 1,136 588 －145 －346 202 －270 －25 456 914 724 623
Notes: 1. Securities firms that were not in business as of the end of March in each year are excluded.
2. Figures for fiscal 2015 ended March 2016 are on a preliminary report basis.
3． Ordinary profits/losses and current net profits/losses of member securities firms that end their business year before the end of each fiscal year (for example, the fiscal year ended March 2015 indicates the year from April 2014 to March 2015) are included since the fiscal year ended March 2015 due to the revision of the business year regulations of the financial instruments business operator.
Source: Japan Securities Dealers Association
Ordinary Proits/Losses and Current Net Proits/Losses of Regular Members
(Billion yen)
FY ended 2002.3 2003.3 2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 Major irms －44 53 231 214 463 332 －267 －110 92 －69 －1 267 432 362 277
Foreign irms －93 －8 75 91 344 71 －8 －76 22 5 －3 12 11 7 15
Other domestic
irms －211 －215 201 177 328 183 130 －159 87 －206 －20 177 470 354 331
Notes: 1. Securities firms that were not in business as of the end of March in each year are excluded.
2. Major securities firms: SMBC Nikko Securities Inc., Daiwa Securities, Co., Ltd., Nomura Securities Co., Ltd., and other securities firms capitalized at a hundred billion yen or more.
3. Figures for fiscal 2015 ended March 2016 are on a preliminary report basis.
4． Current net profits/losses of member securities firms that end their business year before the end of each fiscal year (for example, the fiscal year ended March 2015 indicates the year from April 2014 to March 2015) are included since the fiscal year ended March 2015 due to the revision of the business year regulations of the financial instruments business operator.
Source: Japan Securities Dealers Association
Current Net Proits/Losses by Type of Regular Members
(%)
FY ended 2002.3 2003.3 2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 Major irms －1.7 2.7 11.0 9.3 18.2 10.9 －9.7 －4.4 3.5 －2.5 －0.1 10.3 14.0 10.2 8.6 Foreign irms －11.2 －0.9 9.4 10.8 38.2 7.6 －1.2 －16.6 5.5 1.5 －1.2 5.8 6.4 4.6 11.2 Other domestic
irms －9.1 －10.2 9.4 7.4 11.0 5.2 3.2 －4.1 2.5 －6.7 －0.7 6.0 14.5 10.5 9.4 All member
securities irms －6.0 －3.5 10.1 8.7 17.7 7.9 －1.9 －5.0 3.1 －4.3 －0.5 7.9 14.1 10.3 8.6
Notes: 1. Securities firms that were not in business as of the end of March in each year are excluded.
2. ROE is after-tax profits divided by average stockholders equity.
3. Major securities firms: SMBC Nikko Securities Inc., Daiwa Securities, Co., Ltd., Nomura Securities Co., Ltd., and other securities firms capitalized at a hundred billion yen or more.
4. Figures for fiscal 2015 ended March 2016 are on a preliminary report basis.
5. Return on equity of member securities firms that end their business year before the end of each fiscal year (for example, the fiscal year ended March 2015 indicates the year from April 2014 to March 2015) are included since the fiscal year ended March 2015 due to the revision of the business year regulations of the financial instruments business operator.
Source: Japan Securities Dealers Association
ROE by Type of Regular Members
Statistical Data
Real GDP Growth Rate (year on year)
(%)
CY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Japan 0.355 0.290 1.685 2.361 1.303 1.693 2.192 －1.042 －5.527 4.711 －0.454 1.742 1.357 －0.031 0.473 United
States 0.976 1.786 2.807 3.785 3.345 2.666 1.779 －0.292 －2.776 2.532 1.602 2.224 1.489 2.428 2.426 Euro area 2.126 0.973 0.668 2.260 1.681 3.241 3.051 0.469 －4.542 2.061 1.595 －0.876 －0.296 0.886 1.638
Source: International Monetary Fund
International Comparison
Stock Price
End of CY Nikkei 225 Stock Average
Dow Jones Industrial
Average, USA
FTSE 100,
UK CAC 40,
France DAX,
Germany ST Index, Singapore
Hang Seng Index, Hong Kong
CSI 300 Index, Shanghai/
Shenzhen 2001 10,542.62 10,021.50 5,217.40 4,624.58 5,160.10 1,634.44 11,397.21 － 2002 8,578.95 8,341.63 3,940.40 3,063.91 2,892.63 1,302.85 9,321.29 1,103.64 2003 10,676.64 10,453.92 4,476.90 3,557.90 3,965.16 1,730.38 12,575.94 1,194.74 2004 11,488.76 10,783.01 4,814.30 3,821.16 4,256.08 1,999.90 14,230.14 1,000.00 2005 16,111.43 10,717.50 5,618.80 4,715.23 5,408.26 2,280.77 14,876.43 923.45 2006 17,225.83 12,463.15 6,220.80 5,541.76 6,596.92 2,918.63 19,964.72 2,041.05 2007 15,307.78 13,264.82 6,456.90 5,614.08 8,067.32 3,465.62 27,812.65 5,338.27 2008 8,859.56 8,776.39 4,434.17 3,217.97 4,810.20 1,761.56 14,387.48 1,817.72 2009 10,546.44 10,428.05 5,412.88 3,936.33 5,957.43 2,897.62 21,872.50 3,575.68 2010 10,228.92 11,577.51 5,899.94 3,804.78 6,914.19 3,190.04 23,035.45 3,128.26 2011 8,455.35 12,217.56 5,572.28 3,159.81 5,898.35 2,646.35 18,434.39 2,345.74 2012 10,395.18 13,104.14 5,897.81 3,641.07 7,612.39 3,167.08 22,656.92 2,522.95 2013 16,291.31 16,576.66 6,749.09 4,295.95 9,552.16 3,167.43 23,306.39 2,330.03 2014 17,450.77 17,823.07 6,566.09 4,272.75 9,805.55 3,365.15 23,605.04 3,533.71 2015 19,033.71 17,425.03 6,242.32 4,637.06 10,743.01 2,882.73 21,914.40 3,731.00
Source: Bloomberg
Statistical Data
Market capitalization
(Billion USD)
End of CY Japan United
States UK France Germany Singapore Hong
Kong China Brazil Australia
2003 2,953 14,266 2,425 2,076 1,079 148 714 512 234 585
2004 3,557 16,323 2,815 2,441 1,194 217 861 447 330 776
2005 4,572 17,000 3,058 2,706 1,202 257 1,054 401 474 804
2006 4,614 19,568 3,781 3,708 1,637 384 1,714 1,145 710 1,095
2007 4,330 20,180 3,846 4,222 2,105 539 2,654 4,478 1,369 1,298
2008 3,115 11,590 1,868 2,101 1,110 264 1,328 1,778 591 683
2009 3,395 15,077 3,453 2,869 1,292 481 2,305 3,573 1,337 1,261
2010 3,827 17,283 3,613 2,930 1,429 647 2,711 4,027 1,545 1,454
2011 3,325 15,640 3,266 2,446 1,184 598 2,258 3,412 1,228 1,198
2012 3,478 18,668 3,396 2,832 1,486 765 2,831 3,697 1,227 1,386
2013 4,543 24,034 4,428 3,583 1,936 744 3,100 3,949 1,020 1,365
2014 4,377 26,330 4,012 3,319 1,738 752 3,233 6,004 843 1,288
2015 4,894 25,067 3,878 3,305 1,715 639 3,184 8,188 490 1,187
Source: World Federation of Exchanges
(Billion USD)
CY Japan United
States UK France Germany Singapore Hong
Kong China Brazil Australia
2003 2,177 16,569 1,178 1,550 950 92 272 387 67 375
2004 3,294 20,106 1,605 1,903 1,124 107 403 511 104 525
2005 4,566 27,053 1,905 2,188 1,392 116 420 387 166 672
2006 5,634 32,486 2,807 2,982 2,018 180 757 1,140 275 860
2007 6,273 42,879 4,319 4,513 3,362 381 2,020 6,074 607 1,378
2008 5,473 52,585 3,844 3,835 3,210 261 1,562 3,825 750 1,068
2009 3,874 37,409 2,717 1,934 1,516 247 1,416 7,827 644 798
2010 3,968 38,939 2,741 2,018 1,628 289 1,496 8,068 868 1,062
2011 4,160 43,906 2,836 2,134 1,758 285 1,444 6,496 930 1,196
2012 3,605 34,201 2,194 1,576 1,275 256 1,106 4,967 875 935
2013 6,516 35,001 2,233 1,661 1,334 280 1,323 7,589 810 881
2014 5,443 41,268 2,770 1,952 1,469 209 1,520 12,026 728 807
2015 5,540 44,209 2,651 2,076 1,555 203 2,125 40,954 498 799
Source: World Federation of Exchanges
Value of Share Trading
Statistical Data
Long-term Interest Rate (10 yr. Government Bond Yield)
（％）
End of CY Japan United
States UK France Germany Singapore Hong Kong China
2001 1.368 5.0510 5.054 5.069 4.998 3.9716 6.211 －
2002 0.909 3.8160 4.374 4.262 4.204 2.5521 4.339 －
2003 1.370 4.2455 4.802 4.301 4.292 3.7502 4.385 －
2004 1.441 4.2182 4.537 3.677 3.683 2.5842 3.547 －
2005 1.480 4.3911 4.100 3.304 3.309 3.2110 4.192 －
2006 1.685 4.7022 4.741 3.981 3.948 3.0467 3.745 3.058
2007 1.510 4.0232 4.508 4.422 4.307 2.6756 3.470 4.460
2008 1.174 2.2123 3.020 3.414 2.951 2.0487 1.197 2.760
2009 1.295 3.8368 4.015 3.593 3.387 2.6568 2.599 3.640
2010 1.128 3.2935 3.396 3.362 2.963 2.7126 2.868 3.910
2011 0.988 1.8762 1.977 3.148 1.829 1.6271 1.510 3.440
2012 0.791 1.7574 1.828 1.997 1.316 1.2965 0.625 3.590
2013 0.741 3.0282 3.022 2.558 1.929 2.5581 2.334 4.620
2014 0.329 2.1712 1.756 0.826 0.541 2.2803 1.896 3.650
2015 0.265 2.2694 1.960 0.988 0.629 2.5976 1.579 2.860
Source: Bloomberg
Foreign Exchange Rates
(yen per unit of foreign currency)
End of CY USD GBP EUR SGD HKD CNY BRL AUD
2001 131.54 191.30 117.14 71.30 16.87 15.91 56.98 67.15
2002 118.75 191.22 124.62 68.45 15.23 14.35 32.29 66.38
2003 107.48 191.74 135.00 63.29 13.86 13.00 37.22 80.85
2004 102.63 196.33 139.10 62.79 13.16 12.38 38.60 80.25
2005 117.75 202.74 139.48 70.94 15.21 14.62 50.45 86.53
2006 119.06 233.03 157.12 77.60 15.31 15.26 55.75 93.88
2007 111.79 221.62 163.04 77.75 14.34 15.32 62.85 98.01
2008 90.78 132.32 126.65 63.25 11.71 13.30 39.22 63.96
2009 93.14 150.41 133.51 66.31 12.01 13.64 53.46 83.63
2010 81.12 126.67 108.47 63.22 10.44 12.28 48.91 83.02
2011 76.91 119.54 99.66 59.35 9.90 12.22 41.20 78.43
2012 86.62 140.68 114.32 70.91 11.18 13.91 42.30 89.91
2013 105.26 174.37 145.13 83.38 13.57 17.39 44.56 93.94
2014 119.84 186.72 145.01 90.47 15.46 19.31 45.09 97.84
2015 120.20 177.09 130.61 84.82 15.51 18.51 30.35 87.63
Statistical Data
Composition of Household Financial Assets
(%)
End of CY 2012 2013 2014 2015
Cash and deposits 14.0 12.9 13.1 13.7
Bonds 7.4 6.6 5.9 6.4
Stocks and other equities 31.0 34.2 35.3 35.0
Investment trusts 11.0 11.3 11.3 10.8
Insurance and pension reserves 33.6 32.1 31.6 31.4
Others 3.1 2.9 2.8 2.7
Total 100.0 100.0 100.0 100.0
Source: Federal Reserve Board
United States
Population Composition
（％）
1965 2015 2065 (forecast)
0 to 14 yrs. old 15 to 64 yrs. old 65 yrs. & older 0 to 14 yrs. old 15 to 64 yrs. old 65 yrs. & older 0 to 14 yrs. old 15 to 64 yrs. old 65 yrs. & older
Japan 25.8 67.9 6.3 12.9 60.8 26.3 12.8 50.7 36.5
United States 30.1 60.4 9.5 18.9 66.3 14.8 17.3 58.8 23.9
UK 23.3 64.5 12.2 17.8 64.5 17.7 16.2 57.6 26.2
France 25.5 62.5 12.1 18.5 62.4 18.7 16.3 57.0 26.6
Germany 22.9 64.6 12.5 12.9 65.9 19.7 13.3 53.6 33.2
Singapore 43.7 53.7 2.6 15.5 72.8 20.7 10.8 51.9 37.4
China 41.3 55.3 3.4 17.2 73.2 9.6 13.0 54.1 32.9
Note: As of July 1 of each year Source: United Nations
(%)
End of CY 2012 2013 2014 2015
Cash and deposits 35.7 35.3 34.7 34.4
Bonds 6.9 5.9 4.9 3.9
Stocks and other equities 15.7 17.2 16.8 17.1
Investment trusts 6.7 7.2 7.9 8.7
Insurance and pension reserves 32.2 32.0 33.2 33.4
Others 2.8 2.4 2.5 2.3
Total 100.0 100.0 100.0 100.0
Source: European Central Bank
Euro Area
▶For Japanese data, please see page 40
Japan Securities Dealers Association
1-5-8 Kayabacho, Nihombashi
Chuo-ku, Tokyo, 103-0025 Japan
TEL +81-3-3667-8482
http://www.jsda.or.jp/en/newsroom/fact-book.html
All rights reserved. All materials on this publication are copyrighted by the Japan Securities Dealers Association. The copyrights are protected under Japan’s copyright laws. Reproduction or retransmission of these materials is prohibited neither in whole nor in part.