Countries with most millionaires, 2013
HNW Millionaires in Japan
> Ultra-high net worth population: 14,270
> 1-yr. change: 11.2%
> 2012 GDP per capita: $36,266
> 2012 population: 127 million
> 2012 GDP: $4.7 trillion
After a long recession, economic growth may be on the horizon for Japan. Alongside the potential return to growth and a surging stock market, the number of ultra-wealthy individuals in Japan jumped by 11.2%. The cumulative wealth of such individuals also rose 12.5%, versus an increase of 5.4% for Asia (excluding the Middle East). However, Japan faces considerable uncertainty going forward, especially regarding the country’s aggressive plans to spur economic growth through inflation -- called “Abenomics” -- and a planned nationwide sales tax hike. Japan also faces a massive debt burden, totaling an estimated 238% of GDP as of 2012, according to the IMF.