Japan Family Office Guide

There are many wealthy individuals and families residing in Japan, especially Tokyo, making it a relatively untapped family office desitnation that could grow rapidly in terms of the number of family offices over the coming years.  Japan has a great deal of wealth and is warming up to the idea of family offices.  Although it has been a slow transition from private banking to more traditional family offices, the idea appears to be taking hold among the wealth in Japan.

The following free guide to Japan Family Offices will help you better understand Japan family offices and provide you with resources to learn more about Japan.  You should also check out our 100% free book on family offices.

Introduction to Japan

Japan is familiar to many business professionals and investors because it has been closely linked with the American and other Western economies for many years.  Japan’s biggest city, Tokyo, has long operated as an Asian financial capital and an international trading center.  Many businesses and investment firms have set up their Asian headquarters in Tokyo and so it is very business-friendly.  Japan has a population of more than 127 million people on a relatively small island nation.  The economy has grown rapidly since the 1960s, and it has been especially helped along by the booming technology sector and the growing financial industry.  The biggest question mark today is how the nation–and the economy–will recover from the truly devestating earthquake that caused untold damage.

Here is a video that I recorded in Tokyo, Japan.  I talk about why Japan has been so slow to adopt family offices and how other Asian financial capitals are filling this void.

Why Japan?

Japan is a very Western-friendly, pro-business country that makes it easier for family offices to operate.  Japan has long-embraced investing and the financial industry, especially in Tokyo, an international business center.   So, many talented managers will feel comfortable opening up family offices and may already have established relationships in the country.  There is also a tremendous amount of wealth in Japan, making it an attractive destination for family offices.

Family Offices in Japan

Japan is certainly a prime target for family offices because there is so much wealth in this small country. Japan’s booming economy over the last many years and the big growth in business has made for many high-net worth individuals and families.  Additionally, much of the Japanese population is retiring which brings a lot of retirement wealth.  Family offices can help serve the needs of these wealthy families by providing services and support.

Japan is a good location for family offices; however, Japan has not taken to family offices as quickly as one might assume or as quickly as, say, Singapore and Hong Kong have.  While traditional family offices have not been historically popular in Japan, private banking has a long history in the country and many of these institutions operate in a similar capacity as a family office.  One of the reasons that the Japanese have been slow to adopt the family office model is simply that it is new to the country and it could take a while for the family office to gain prominence among the wealthy in Japan.  In recent years, though, wealthy Japaneses individuals and families have become increasingly more interested in family offices and more family offices have opened up in Japan.

In some ways, Japan is actually at an ideal point for family offices.  As one family office describes, “In 2007, the Japanese baby boom generation started to retire in large numbers, bringing with them large amounts of pension and retirement wealth. This is an opportunity for private banks and other wealth professionals in Japan, to smooth the financial future of many Japanese. For families with large amounts of wealth, this is an interesting time with many chances to improve multi-generational fortunes.”

Japan Family Office Resources Guide

Japan Family Office Resource #1:  This report on Japan’s economy gives you an insight on where Japan’s economy was and is going moving forward.

Japan Family Office Resource #2: Here in this article PAG plans to build up its private equity portfolio in Japan.

Japan Family Office Resource #3:  This video  is talking in depth greatly about private equity investing in Japan during an interview.

Japan Family Office Resource #4: If you are looking for contact details of family offices places such as Japan you may want to consider using a Family Offices Database.  A Family Office Database provides you with the complete contact details for 100’s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format.  Learn more about this by clicking here.

Japan Family Office Resource #5: This article covers Nintendo Co. Founders Family Office joins Japan’s Systems Takeover Race.

Japan Family Office Resource #6: This is a plan on how Japan adopts a green growth plan with investors to go carbon free by 2050.

Japan Family Office Resource #7:  This article shows the results of its Global Retail Investor Survey, that shows the number of investors in Japan reached a record high.

Are you an employee or manager of a family office in Japan?  Then we’d like to keep in touch with you.  Simply send us an email at Richard@RichardWilsonCapital.com

Be sure to check out FamilyOffices.com for our family office database and our free book on family offices.

Related Resources

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