Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Japan
JPNFCAODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
733,462,177.00
Year-over-Year Change
-6.03%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the total number of household deposit accounts at commercial banks in Japan. It provides insight into the usage and accessibility of financial services by Japanese households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Japan metric tracks the total number of deposit accounts held by households at commercial banks in the country. This data point is used by economists and policymakers to gauge the level of financial inclusion and the overall health of the Japanese banking system.
Methodology
The data is collected directly from Japanese commercial banks and aggregated by the relevant statistical agencies.
Historical Context
This trend is relevant for assessing the stability and accessibility of the Japanese financial system and guiding related economic policies.
Key Facts
- Japan has over 100 million deposit accounts at commercial banks.
- The number of household deposit accounts has grown steadily over the past decade.
- Deposit accounts provide a crucial gateway to other financial services for Japanese consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at commercial banks in Japan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and accessibility for Japanese households, which is an important indicator of the health and stability of the country's banking system.
Q: How is this data collected or calculated?
A: The data is collected directly from Japanese commercial banks and aggregated by the relevant statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the stability and accessibility of the Japanese financial system and guide related economic policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delay, providing timely insights into household deposit account trends in Japan.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Japan (JPNFCAODCHNUM), retrieved from FRED.