The Japanese government’s reform push for the country’s $5 trillion asset management industry has sparked a series of action plans from top Japanese banking groups to beef up their long overlooked asset management business.
Asset management has emerged as an area of focus for the banks this year as the financial regulator sought their help to shake up the industry in line with Japan’s policy pledge to turn dormant household savings into investments.
Read More : Japan Banks Rush to Strengthen Asset Management Business Amid Government Reform Push