By asset holdings, Japan remains a wealthy nation. ※ A country with a high median asset value Although Japan has low wages, it has become one of the world’s leading asset-rich nations due to its aging society, where many individuals have accumulated savings, insurance, pensions, and real estate over decades. Yet, its tax system remains heavily focused on the incomes of working-age populations. In the U.S., a small number of ultra-wealthy individuals inflate the average, but the median is relatively modest—however, wages for the working population are high.
