Japanese households hold over ¥2,000 trillion in personal financial assets, of which 50% is in cash and deposits, and a further 30% is in insurance and pension products. It is home to the second highest population of high net-worth individuals in the world, and its pension funds manage over ¥340 trillion with an increasing interest in international and alternative investments. With rising concerns around the ability of Japan’s aging population to have enough personal savings for retirement, the Japanese government is stepping up its encouragement for individuals to shift away from traditional saving methods in favour of a focus on building investments. This is the backdrop to Japan’s attempt to re-establish itself as an international financial centre, with a particular focus on asset management.
To capitalise on this opportunity, the Department for International Trade (DIT) Japan will host a UK Asset Management Mission to Japan in March 2023. The mission will enable 6 UK firms to learn and explore more about Japan’s financial market and the scale of opportunity. It will also allow them to meet and present to key stakeholders in Japan’s financial services sector. The mission will include a briefing session from key financial services individuals, participation in the UK Asset Management seminar, and a networking reception with members from Japanese government, business and multiplier associations keen to hear from and work with UK asset management firms. There will also be the opportunity to set up 1-to-1 meetings with newly met stakeholders and contacts to share information for potential future business.
The mission forms part of the Global Investment Futures (GIF) campaign, a three year campaign launched in February 2022 by DIT, the City of London Corporation and the Investment Association, with the aim of promoting the UK’s strengths in asset management and financial services.
If you are interested in attending this mission, please submit your application via the link below 22 January 2023. Mission participation will be limited to six UK firms. If the mission is oversubscribed there will be a selection process and applicants will be advised by 17th January.*
Date:
15th – 16th March, 2023
Location:
British Embassy Tokyo
Participation Fee:
£ 495
Registration: Is now closed
Application Deadline:
22 January, 2023
Eligibility:
- UK Asset Management Firms
- Interest in Japanese market
- No presence yet in the Japanese market
Programme:
Dates: 15th and 16th March, 2023
Day1: 1:00pm – 4:30pm, Market and Opportunity Briefing (TBC)
Day2: 3:00pm – 7:00pm: UK Asset Management Seminar and Financial Services Reception
Number of participants: 6 firms, with a maximum of x2 representatives per provider
