The asset of the wealthy class - increased by 62 trillion yen in 3 months due to the corona pandemic

Last week on 5 June 2020  CNN.co.jp reported the following:

米富裕層の資産、コロナ禍の３カ月で６２兆円増える

5.6.2020 Fri posted at 10:38 JST

 （ＣＮＮ） 過去のおよそ３カ月間で、米国の富裕層の資産が５６５０億ドル（約６２兆円）増えていたことが分かった。同国の進歩的なシンクタンク、政策研究所が３月１８日以降のデータから報告書をまとめ、今月４日に発表した。

 新型コロナウイルスの感染拡大で多くの米国人が経済的な打撃を受ける中、富裕層との格差が一段と広がった形だ。

 報告書によると富裕層らの現在の資産総額は３兆５０００億ドルで、感染拡大初期から１９％増加した。アマゾンを率いるジェフ・ベゾス氏の資産だけでも、３月１８日時点と比べて３６２億ドル増えたという。

 同日以降、新規の失業手当を申請した米国人の数は４３００万人近くに上る。低所得の労働者の中でも旅行やサービス業に従事する人たちがとりわけ大きな痛手を被っている。

 今回発表された数字は、持つ者と持たざる者との分断がいかに深まっているかを如実に示すものだ。こうした状況は、米国全体での社会の不安定化に拍車をかけている。専門家の指摘によれば、富の不平等は現在の危機的状況によってさらに悪化する公算が大きい。

 富裕層の資産が拡大する背景には、株式市場の目覚ましい回復がある。連邦準備制度理事会（ＦＲＢ）がかつてない規模の金融緩和策を講じたことが影響し、ナスダックが史上最高値に迫るなど、株式市場は大幅に値上がりした。

 実体経済と乖離（かいり）した市場の動きにより、格差の拡大が加速していると専門家はみている。

Translation

(CNN) It had found out that the asset of the wealthy class in the United States had increased by 565 billion dollars (about 62 trillion yen) in the past three months. The country's progressive think tank, the National Institute for Policy Studies, compiled a report based on data since March 18th and released the report on the 4^th this month.

 While many Americans had been hit economically by the spread of the new coronavirus, the gap with the wealthy had widened further.

 According to the report, the wealthy people's current asset was $3.5 trillion, an increase of 19% from the beginning of the spread. The asset of Jeff Bezos alone, who was leading Amazon, had increased by $36.2 billion compared to March 18th.

Since that date, nearly 43 million Americans had applied for new unemployment benefits. Among the low-income workers, those engaged in travel and service industries suffered the most.

The figures released this time showed how deeply the division had happened between those who had and those who did not. This situation was adding to social instability throughout the United States. Experts pointed out that wealth inequality would likely to be exacerbated by the current crisis.

The expansion of wealthy class asset was due to the remarkable recovery of the stock markets. The Federal Reserve Board (FRB) had taken unprecedented monetary easing measures, and the stock market had risen sharply, with the Nasdaq approaching record highs.

Experts believed that the disparity was accelerating due to the movement of the market which was separated from the real economy.

              So, the expansion of asset among the wealthy class could be the effect of the Quantitative Easing (QE) policy adopted by the governments around the globe. I am interested in knowing whether this can have an inflationary or deflationary effect on the economies, regionally or globally. One point worth noting is the observation that movements in money markets are separated from real economies.