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National News

Japan No. 2 in total millionaires in 2012

Japan has about 3.58 million people with net assets worth $1 million (80 million yen) or more this year, the second-highest number after the United States, which has 11.02 million millionaires, according to an estimate by the Swiss bank Credit Suisse Group AG.

The figure for Japan represented an increase of around 83,000 from the previous year. The bank is projecting the figure to hit 5.4 million in 2017.

France ranked third with 2.28 million people.

On the list of super-rich adults with net assets of $50 million (4 billion yen) or more, Japan drops to fourth with some 3,400, after the United States with around 38,000, China with 4,700 and Germany with 4,000. (Kyodo News)

Shukan ST: NOVEMBER 2, 2012

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National News Japan No. 2 in total millionaires in 2012 Japan has about 3.58 million people with net assets worth $1 million (80 million yen) or more this year, the second-highest number after the United States, which has 11.02 million millionaires, according to an estimate by the Swiss bank Credit Suisse Group AG. The figure for Japan represented an increase of around 83,000 from the previous year. The bank is projecting the figure to hit 5.4 million in 2017. France ranked third with 2.28 million people. On the list of super-rich adults with net assets of $50 million (4 billion yen) or more, Japan drops to fourth with some 3,400, after the United States with around 38,000, China with 4,700 and Germany with 4,000. (Kyodo News) Shukan ST: NOVEMBER 2, 2012 (C) All rights reserved