Analysis material presented by Sumitomo Mitsui Trust Bank at Ministry of Finance Lunch Meeting on asset issues in super-aged society.
Key Points
1. Asset Freezing Due to Dementia
- Scale of assets frozen due to dementia reaches 255 trillion yen
- Elderly household assets average 46.88 million yen (including financial assets and real estate)
- Frozen assets concentrated in three major metropolitan areas
- Dementia prevalence: 43.9% for ages 85-89, 65.1% for 90-94, 83.7% for 95+
2. Inter-regional Asset Movement Through Inheritance
- Asset outflow from regional areas to major metropolitan areas accelerating in "great inheritance era"
- Some prefectures see one-quarter of household assets flowing out of region
- Tokyo area shows exceptionally high potential for financial asset increases
- Inter-regional asset movement through inheritance raises concerns about widening regional economic disparities
3. Social and Macroeconomic Impacts
- Disruption to lives of individuals and families
- Economic circulation stagnation due to fund retention
- Reduced liquidity in used housing market
- Declining regional economic vitality and widening disparities
This material provides detailed analysis of two critical issues emerging in super-aged society: household asset freezing and inter-regional asset movement through inheritance, warning of negative impacts on Japanese economy.