The Japanese asset management industry’s AUM increased by ¥30trn during FY2016. Fresh asset inflows, however, were limited to ETF purchases by the BOJ and banks’ investments in private funds. Such private fund inflows have slowed in FY2017. While the asset management industry’s growth has thus ostensibly downshifted, we find that, beneath the surface, fundamental conditions are falling into place for asset management services to become more broadly entrenched in Japanese society.
Japan's Asset Management Business2017/2018