A government related organization, The Central Council for Financial Services Information conducts surveys about people's "financial assets" every year.
According to the survey, 37.2% of single-person households do not have any financial assets, and 31.0% of multi-persons households do not have any financial assets.
Table 1: Ratio of single-person households who have financial assets
|has financial assets||62.8|
|does not have any financial assets||37.2|
Table 2: Ratio of multi-persons households who have financial assets
|has financial assets||69|
|does not have any financial assets||31|
One-third of Japanese people live without savings. But on the inquiry sheet of the survey, it is written;
(1) In this inquiry, the "financial assets" does not include the real assets of land, housing and precious metals. It does not include cash as well.
(2) Please exclude money held for your business from the "financial assets".
(3) The "financial assets" means money you store for your future. Please exclude money for daily deposit/withdrawal or automatic debit.
So "person with no financial assets" does not mean a person who does not have any money in the bank account, in this case. However, probably it is true that one-third of Japanese people does not have spare money.
Source is The Central Council for Financial Services Information.