What Is The Top 1% Wealth In Japan? Unpacking The Inequality Gap

In Japan, the top 1% holds a significant portion of the country’s wealth. To be considered part of this elite group, you need to have at least $2 million in assets. This means that 19% of Japan’s total wealth is concentrated in the hands of this relatively small segment of the population.

While this might seem like a significant amount, it’s important to remember that Japan has a relatively egalitarian wealth distribution compared to many other developed countries. This means that the gap between the rich and the poor isn’t as wide as it is in some other places. For instance, in the United States, the top 1% holds a much larger share of the national wealth, around 39%, making the wealth gap considerably wider. This means that, although Japan has its own disparities in wealth, its overall wealth distribution is considered to be more balanced.