Japan's rising stock market has been a boon for many in the country. It lifted the value of financial assets held by individuals to an all-time high at the end of 2023.

A quarterly survey by the Bank of Japan shows that financial assets held by individuals totaled 2,141 trillion yen, or about 14.2 trillion dollars. That's up roughly 5 percent from a year ago. The figure includes cash savings, securities and insurance.

Equity holdings rose about 29 percent, and investment trusts increased over 22 percent, both reaching new highs in yen terms.

The sharp growth came as share prices climbed on robust Japanese corporate earnings and the strong US economy.

Cash savings made up more than 52 percent of total assets. That's one percent higher than a year before.

The Japanese government in January expanded a program to support investing with tax-free benefits called NISA. It's meant to encourage people to invest rather than saving their cash.