Japan Family Offices

Japan Family Offices

by Richard C. Wilson & Family Offices Group Association Team

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 lengthy report covers family offices in Japan and the various investment options available to wealthy families and high-net-worth individuals in Japan.

Japan Family Office Resource #2: Page 21 of this journal article has a good summary of the family office environment in Japan.

Japan Family Office Resource #3:  This website is an actual Japanese family office but it provides some information on family offices in Japan including employment opportunities.  Please note that this is not an endorsement of this family office, just an educational resource that you might be interested in.

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 “The Battle over Japan’s Private Banking Market”and includes some coverage of Japan family offices.

Japan Family Office Resource #6: This is a doctoral thesis on family offices in Japan that you can translate using Google’s translate feature from Japanese to English.

Japan Family Office Resource #7: I came across this interesting article titled “Family Office Seeks Japanese Exposure.”

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

Tags: Japan Family office, Japan Family offices,  Japan family offices guide, guide to Japan family offices, family offices in Japan , Japan finance, Japan wealth management

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