Adults with 100 thousand to one million U.S. dollars in wealth made up around 53 percent of the Japanese population in 2020, while the second largest share of people were worth between 10,000 and 100,000 dollars. Together, these groups accounted for approximately 86 percent of the population.
Wealth versus income
Wealth, as opposed to income, measures the ownership of assets in a society. Together with GDP, GDP per capita, and household disposable income, it helps to understand the economic well-being of households. Furthermore, the distribution of wealth gives an indication about the degree of equality in a society. Illustrated by its wealth distribution, Japan can be considered relatively equal compared to other countries.
Egalitarian corporate culture
In recent years, wealth inequality has become the subject of increasing focus among policymakers, academics and the general public. While several factors have contributed to the high equality in the country, it is safe to say that the egalitarian ethic in Japanese corporate culture is one of these reasons. This is reflected, for example, in the income structure; Japanese CEOs earn remarkably less than their counterparts in the United Kingdom or the United States. In a ranking of the average income of business leaders worldwide by country, Japan did not even make it into the list of the top ten countries.
Distribution of adult population in Japan in 2020, by wealth range
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Credit Suisse. (June 22, 2021). Distribution of adult population in Japan in 2020, by wealth range [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/684329/japan-population-distribution-by-wealth-range/
Credit Suisse. "Distribution of adult population in Japan in 2020, by wealth range." Chart. June 22, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/684329/japan-population-distribution-by-wealth-range/
Credit Suisse. (2021). Distribution of adult population in Japan in 2020, by wealth range. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/684329/japan-population-distribution-by-wealth-range/
Credit Suisse. "Distribution of Adult Population in Japan in 2020, by Wealth Range." Statista, Statista Inc., 22 Jun 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/684329/japan-population-distribution-by-wealth-range/
Credit Suisse, Distribution of adult population in Japan in 2020, by wealth range Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/684329/japan-population-distribution-by-wealth-range/ (last visited November 10, 2024)
Distribution of adult population in Japan in 2020, by wealth range [Graph], Credit Suisse, June 22, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/684329/japan-population-distribution-by-wealth-range/