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HNW Millionaires in Japan

3. 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.

Countries with most millionaires, 2013

Earlier this week, wealth research group Wealth-X and UBS released their World Ultra Wealth Report for 2013, a comprehensive analysis of the global ultra-high net worth population. Based on that report, 24/7 Wall St. identified the 10 nations with the most ultra-wealthy residents. These are the nations with the most multimillionaires.