Japan has the 2nd highest number of HNWI in the world after the United States. With over 2.2million HNWIs and 17,000 UHNWIs as of 2015, which is projected to grow over 10% for each segment by 2019, Japan is a lucrative market for wealth management providers. However the competition for their wallet share and mind share is fierce.
This report through surveying over 1000 HNWIs and 500 UHNWIs is able to analysis on the psychological makeup of these individuals and the asset classes they invest in along with the cities which are expected to see the largest growth in UHNWIs in the coming years thus providing invaluable intelligence to those companies who wish to tap into this lucrative market. This report also surveyed and interviewed over 20 banks in Japan to learn about the current nature of competition in the market and the challenges they are facing. This allows us to provide an indepth analysis on the banks that provide wealth management services to HNWIs and UHNWIs in Japan.
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Table of Contents
The Dragon Banker's’s methodology
The Main Drivers of wealth growth and HNWI’s Opportunities in Japan
The Psychological and Behavior Makeup of Japanese HNWIs
Total assets of individuals with US$1m
Total assets of individuals with US$25m
The total assets of individuals with US$25m+
Fastest growing cities and states for Japanese UHNWIs.
Current Competition Amongst Banks for HNWI Clients and SWOT Analysis
a. Mitsubishi UFJ Financial Group
b. Mizuho Financial Group
c. Sumitomo Mitsui Financial
d. Shinsei Bank
e. Other Banks including Bank of Yokohama, Citibank, Credit Suisse and Nomura
Future trends and forecasts
How to leverage The Dragon Banker for IT firms and financial institutions