Japan Asset Management Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Japan Asset Management Marketis Segmented by Client Type (retail, Pension Fund, Insurance Companies, Banks, And Other Institutions), Type of Mandate (investment Funds and Discretionary Mandates), And Asset Class (equity, Fixed Income, Cash/money Market, And Others). The Market Sizes and Forecasts are Provided in Terms of Values (USD) for all the Above Segments.

Japan Asset Management Market Size

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Japan Asset Management Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 4.25 Trillion
Market Size (2029) USD 5.05 Trillion
CAGR (2024 - 2029) 3.56 %
Market Concentration Low

Major Players

Japan Asset Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Japan Asset Management Market Analysis

The Japan Asset Management Market size in terms of assets under management value is expected to grow from USD 4.25 trillion in 2024 to USD 5.05 trillion by 2029, at a CAGR of 3.56% during the forecast period (2024-2029).

Asset management is a systematic approach to the governance and realization of value from what a group or entity is responsible for over its whole life cycle. It may apply to tangible assets (physical objects such as buildings or equipment) and intangible assets (such as human capital, intellectual property, goodwill, or financial assets). Asset management is systematically developing, operating, maintaining, upgrading, and disposing of assets cost-effectively (including all costs, risks, and performance attributes).

Japanese individuals' financial assets are managed by the world's largest institutional investors like Japan Post Bank, GPIF, and Norinchukin Bank. Due to continued low domestic growth rates and low-interest rates, Japanese investment money is always looking for overseas investment opportunities in search of higher returns, which means those large Japanese institutional investors are always looking for excellent foreign managers to let them manage their foreign assets portfolio.

Japan might need to be used to being an easy market for foreign asset managers because of the language barrier, tax rate disadvantages, and strict/complicated regulations. But now, the Japanese government is trying to promote Tokyo as a global financial hub and making many changes to remove those obstacles to market entry.

Approximately 60% of companies replied that the importance of ESG initiatives increased due to the spread of COVID-19. An awareness gap existed between companies and investors regarding the impact of 'business model transformation,' which was selected by only approx-20% of companies. But approximately 40% of investors said it would be considered an important initiative in the future.

Japan Asset Management Market Trends

Japanese Pension Funds: Slow but Better Returns

The Government Pension Investment Fund (GPIF) and private pension funds are the two main institutional investors in Japanese pension funds, which are retirement savings plans. With more than USD 1.32 trillion in assets under management as of 2022, the GPIF is the biggest pension fund in the world. It was founded in 2001 to oversee the administration of the country's pension system and makes investments across various asset classes, such as domestic and international stocks, bonds, and alternative investments.

Corporate pension funds, which are set up by businesses for their employees, and mutual aid associations, set up by groups of people with similar interests or occupations, are examples of private pension funds in Japan. Additionally, these funds make investments across various asset classes, such as domestic and international stocks and bonds.

Due to an aging population and a low birth rate, which resulted in a declining labor force and strain on the pension system, Japan experienced difficulties with its pension system in recent years. The government responded by implementing several reforms, including raising the retirement age and encouraging enrollment in private pension plans.

Japan Asset Management Market: Total Assets of Pension Funds, Japan, Trillion USD, (2018- 2022)

Technological Advancements are Driving the Market

As in many other parts of the world, technological advancements are indeed driving the asset management industry in Japan. Technology advances increase efficiency and lower asset management costs, enabling businesses to provide clients with lower-cost goods and services.

Robo-advisors are automated investment platforms that offer services like portfolio management and investment advice. They are becoming increasingly well-liked in Japan, especially among younger investors who are easily using technology and seeking affordable investment options. Blockchain technology is used in Japan to increase security and transparency in the asset management sector. Asset ownership and transfer can be tracked using blockchain, lowering the possibility of fraud and mistakes.

Asset managers in Japan are analyzing massive amounts of data with big data analytics tools to learn more about market trends and investor behavior. Asset managers can manage risk and make better investment decisions as a result.

As businesses work to increase productivity, cut costs, and offer clients more sophisticated investment solutions, technological advancements are a major force behind innovation and growth in the Japanese asset management sector.

Japan Asset Management Market: Growth of Technology, Japan, In Percentage, 2019-2022

Japan Asset Management Industry Overview

The Japanese asset management market includes sluggish growth with very low returns. The market presents opportunities for growth during the forecast period, which is expected to drive the market competition further. Some of the major players in the sector include Nikko Asset Management, Daiwa Asset Management, T & D Asset Management, Okasan Asset Management, and Nomura Asset Management. With multiple domestic players holding significant shares, the market studied is competitive.

Japan Asset Management Market Leaders

  1. Nikko Asset Management

  2. Daiwa Asset Management

  3. T & D Asset Management

  4. Okasan Asset Management

  5. Nomura Asset Management

*Disclaimer: Major Players sorted in no particular order

Japan Asset Management Market Concentration
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Japan Asset Management Market News

  • March 2022: Allianz Real Estate, one of the world's real estate investment managers, agreed to acquire a portfolio of prime multi-family residential assets in Tokyo for approximately USD 90 million on behalf of the Allianz Real Estate Asia-Pacific Japan Multi-Family Fund.
  • March 2022: KKR & Co said it is buying Japanese real estate asset manager Mitsubishi Corp-UBS Realty Inc (MC-UBSR) for JPY 230 billion (USD 1.94 billion), deepening the US private equity firm's presence in Japan. KKR will buy MC-UBSR from Mitsubishi Corp 8058.T and UBS Asset Management.

Japan Asset Management Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Insights on Impact of Technology and Innovation in Operation in Asset Management

    5. 4.5 Insights on Performance of Asset Managers in Japan

    6. 4.6 Industry Policies and Government Regulations on Asset Management Industry in Japan

    7. 4.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Buyers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Client Type

      1. 5.1.1 Retail

      2. 5.1.2 Pension Fund

      3. 5.1.3 Insurance Companies

      4. 5.1.4 Banks

      5. 5.1.5 Other Institutions

    2. 5.2 By Type of Mandate

      1. 5.2.1 Investment Funds

      2. 5.2.2 Discretionary Mandates

    3. 5.3 By Asset Class

      1. 5.3.1 Equity

      2. 5.3.2 Fixed Income

      3. 5.3.3 Cash/Money Market

      4. 5.3.4 Other Asset Classes

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Nomura Asset Management

      2. 6.2.2 Nikko Asset Management

      3. 6.2.3 Daiwa Asset Management

      4. 6.2.4 Okasan Asset Management

      5. 6.2.5 T & D Asset Management

      6. 6.2.6 Meiji Yasuda Asset Management

      7. 6.2.7 Schroder Investment Management

      8. 6.2.8 Aberdeen Standard Investment Limited

      9. 6.2.9 Norinchukin Zenkyoren Asset Management

      10. 6.2.10 Nissay Asset Management Corporation*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNTIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Japan Asset Management Industry Segmentation

Asset Management is one of the most widely demanded markets as people are adopting digitalization. A complete background analysis of the Japan Asset Management Market includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles in the report. The Asset Management Market in Japan is segmented by client type (retail, pension fund, insurance companies, banks, and other institutions), type of mandate (investment funds and discretionary mandates), and asset class (equity, fixed income, cash/money market, and others). The report offers the market sizes and forecast values (USD) for all the above segments.

By Client Type
Retail
Pension Fund
Insurance Companies
Banks
Other Institutions
By Type of Mandate
Investment Funds
Discretionary Mandates
By Asset Class
Equity
Fixed Income
Cash/Money Market
Other Asset Classes
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Japan Asset Management Market Research FAQs

The Japan Asset Management Market size is expected to reach USD 4.25 trillion in 2024 and grow at a CAGR of 3.56% to reach USD 5.05 trillion by 2029.

In 2024, the Japan Asset Management Market size is expected to reach USD 4.25 trillion.

Nikko Asset Management, Daiwa Asset Management, T & D Asset Management, Okasan Asset Management and Nomura Asset Management are the major companies operating in the Japan Asset Management Market.

In 2023, the Japan Asset Management Market size was estimated at USD 4.10 trillion. The report covers the Japan Asset Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Japan Asset Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Japan Asset Management Industry Report

Statistics for the 2024 Japan Asset Management market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Japan Asset Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Japan Asset Management Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)