Japan's Kishida seeks to shake up to $5 trillion asset management industry

Sept 21 - Japanese Prime Minister Fumio Kishida aims to spur competition in the country's $5 trillion asset management industry by prompting new market entrants to turn dormant household savings into investments, he told investors in New York.

Funds in the Japanese asset management sector have risen by 50% over the last three years to reach 800 trillion yen, but there is more to be done, Kishida said. "To start with, we will rectify Japan's unique business practices and resolve barriers to entry, and will also introduce a new program to assist new entrants," Kishida said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Japan's Kishida seeks to shake up to $5 trillion asset management industryBy Makiko Yamazaki (Reuters) - Japanese Prime Minister Fumio Kishida aims to spur competition in the country's $5 trillion asset management industry by ...
Источник: SaltWire Network - 🏆 45. / 63 Прочитайте больше »

Japanese PM Fumio Kishida seeks to shake up $5-trillion asset management industryThe Japanese government is reviving its decades-old policy pledge to move 2,000 trillion yen of household financial assets into investment, as half of such assets are sitting in cash or bank deposits
Источник: globebusiness - 🏆 31. / 66 Прочитайте больше »

Japan’s institutional Bitcoin leap sparks market optimismJapan's Bitcoin Adoption Fund causes a surge, lifting BTC above $27,000. Institutional enthusiasm may hint at even greater gains with pending US ETF decisions.
Источник: CryptoAmb - 🏆 22. / 68 Прочитайте больше »

Mill Market becomes Soo Market on Saturday morningOpening ceremony for new market beside the downtown plaza is set for this weekend; contrary to published report, city has yet to announce when neighbouring plaza will open
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »