Synopsis
This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Japan.
Scope
• Independent market sizing of the Japanese HNWIs across five wealth bands
• HNWI volume, wealth and allocation trends from 2010 to 2014
• HNWI volume, wealth and allocation forecasts to 2019
• HNWI and UHNWI asset allocations across 13 asset classes
• Geographical breakdown of all foreign assets
• Alternative breakdown of liquid vs investable assets
• Number of UHNWIs in major cities
• Number of wealth managers in each city
• City ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Japan.
• Size of Japans wealth management industry
• Largest private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth
Summary
This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in Japan. It also includes an evaluation of the local wealth management market.
Reasons To Buy
• Japan Wealth Report 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 125,000 HNWIs from around the world in our database.
• With the wealth reports as the foundation for its research and analysis, WealthInsight is able to obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers.
• The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of the HNWIs to 2019, and a comprehensive background of the local economy.
• The report provides a thorough analysis of the private banking and wealth management sector, the latest merger and acquisition activity, and the opportunities and challenges that the sector faces.
• It also provides detailed information on HNWIs volumes in each major city.
Key highlights
• There were 2,180,100 HNWIs in Japan in 2014. These HNWIs held US$9.2 trillion in wealth.
• In 2014, the Japanese HNWI population rose by 1.4%, following a 2013 increase of 0.8%.
• Growth in HNWI wealth and numbers will improve over the forecast period. The Japanese HNWI population is forecast to grow by 8.1% to reach 2,380,096 in 2019. HNWI wealth is projected to grow by 22.8% to reach US$11.8 trillion by 2019.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
4 Distribution of Wealth in Japan
4.1 HNWI Population and Wealth Trends
5 Findings from the WealthInsight HNWI Database
5.1 Trends in HNWI Wealth to 2019
5.1.1 HNWI trend analysis
5.1.2 Wealth band trends
5.1.3 Demographic breakdown of HNWIs
5.1.4 HNWIs – job titles
5.1.5 HNWIs – industry breakdown
5.1.6 HNWIs – industry performance
5.1.7 HNWIs – breakdown by city
5.1.8 HNWIs – city performance
5.1.9 HNWIs – city population densities
5.1.10 HNWIs – city forecasts
5.2 UHNWIs
5.2.1 UHNWI population trend analysis
5.2.2 UHNWI wealth trend analysis
5.2.3 Demographic breakdown of UHNWIs
5.2.4 UHNWIs – industry breakdown
5.2.5 UHNWIs – city breakdown and performance
5.3 UHNWIs – Billionaires
5.3.1 Billionaire volume trend analysis
5.3.2 Billionaire wealth trend analysis
5.3.3 Billionaire per capita net worth trend analysis
5.3.4 List of billionaires
5.4 UHNWIs – Centimillionaires
5.4.1 Centimillionaire volume trend analysis
5.4.2 Centimillionaire wealth trend analysis
5.4.3 Centimillionaire per capita net worth trend analysis
5.5 UHNWIs – Affluent Millionaires
5.5.1 Affluent millionaire volume trend analysis
5.5.2 Affluent millionaire wealth trend analysis
5.5.3 Affluent millionaire per capita net worth trend analysis
5.6 Core HNWIs
5.6.1 Core HNWI volume trend analysis
5.7 Core HNWIs – Mid-Tier Millionaires
5.7.1 Mid-tier millionaire volume trend analysis
5.7.2 Mid-tier millionaire wealth trend analysis
5.7.3 Mid-tier millionaire per capita net worth trend analysis
5.8 Core HNWIs – Lower-Tier Millionaires
5.8.1 Lower-tier millionaire volume trend analysis
5.8.2 Lower-tier millionaire wealth trend analysis
5.8.3 Lower-tier millionaire per capita net worth trend analysis
6 Analysis of Japanese HNWI Investments
6.1 Analysis by Asset Class
6.1.1 Trends in alternative assets
6.1.2 Trends in ‘art, wine and wheels’
6.1.3 Trends of investment in real estate
6.1.4 Trends of investment in cash and deposits
6.1.5 Trends of investment in fixed-income
6.1.6 Investment trends in equity
6.1.7 Investments trends in business interests
6.2 Analysis of Foreign Investments
6.2.1 Investments in Europe
6.2.2 Investments in North America (including the US, Mexico and the Caribbean)
6.2.3 Investments in Asia-Pacific
6.2.4 Investments in South America
6.2.5 Investments in the Middle East
6.2.6 Investments in Africa
6.3 Alternative Breakdown: Liquid vs Investable Assets
6.4 Analysis of Japanese UHNWI Investments
7 Competitive Landscape
7.1 Additional Components of the Wealth Sector in Japan
7.1.1 Domestic private banks
7.1.2 Foreign private banks
7.1.3 Wealth managers
7.1.4 Family offices
7.1.5 Financial advisors
7.2 Key Drivers
7.2.1 JPY to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investment (FDI) – inflows and outflows
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdowns
8 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Japanese HNWIs – Population Distribution (%), 2014
Table 3: Japanese HNWIs – Wealth Distribution Wealth Pyramid (%), 2014
Table 4: Japanese HNWIs – Industry Performance (%), 2010–2014
Table 5: Japanese HNWIs – Cities, 2014
Table 6: Japanese HNWIs – Growth in Top Cities (Thousand), 2010–2014
Table 7: Japanese HNWIs – Population Density in Major Cities (Thousand), 2014
Table 8: Japanese HNWIs – Populations in Top Cities (Thousand), 2010–2019
Table 9: Japanese HNWIs – Growth Rates for Top Cities (%), 2010–2019
Table 10: Japanese HNWIs – Sources of Wealth (%), 2014
Table 11: Japanese UHNWIs – Gender Performance (%), 2010–2014
Table 12: Japanese UHNWIs – Populations in Top Cities, 2010–2019
Table 13: Japanese UHNWIs – Growth Rates for Top Cities (%), 2010–2019
Table 14: Japanese Billionaires – Market Overview (Volume and US$ Billions) 2010–2019
Table 15: Japanese Top 10 Billionaires (US$ Billion), 2014
Table 16: Japanese Billionaire Wealth Growth (US$ Billion), 2010?2014
Table 17: Japanese Centimillionaires – Market Overview (Volume), 2010–2019
Table 18: Japanese Affluent Millionaires – Market Overview (Volume), 2010–2019
Table 19: Japanese Mid-Tier Millionaires – Market Overview (Volume), 2010–2019
Table 20: Japanese Lower-Tier Millionaires – Market Overview (Volume), 2010–2019
Table 21: Japanese HNWIs – Asset Allocations (%), 2010–2019
Table 22: Japanese HNWIs ? Holdings Growth (%), 2010–2019
Table 23: Japanese HNWIs – Alternative Asset Composition (%), 2010–2019
Table 24: Japanese HNWIs – Investments in Alternative Assets (%), 2010–2019
Table 25: Japanese Trends in ‘Art, Wine and Wheels’, 2010–2014
Table 26: Global Prime Real Estate Prices per m2 (US$), 2014
Table 27: Japanese HNWIs – Foreign Investment Allocations (%), 2010–2019
Table 28: Japanese HNWIs – Liquidity Breakdown (US$ Billion), 2010–2019
Table 29: Japanese HNWIs – Liquidity Breakdown (%), 2010–2019
Table 30: Japanese UHNWIs – Allocations and Share of HNWI Assets (%), 2014
Table 31: JPY to US$ Exchange Rate, 2010–2019
Table 32: Japanese Real GDP Growth (%), 2010–2019
Table 33: Japanese GDP Per Capita (US$), 2010–2019
Table 34: Japanese Domestic Market Capitalization (US$ Billion), 2010–2014
Table 35: Japanese Commodity Indices, 2010–2019
Table 36: Japanese Foreign Direct Investments (US$ Billion), 2010–2019
Table 37: Japanese Inflation Rate (%), 2010–2019
Table 38: Japanese Money Market Rate (%), 2010–2019
Table 39: Japanese Balance of Payments (US$ Billion), 2010–2014
Table 40: Japanese Government Debt as a Percentage of GDP (%), 2010–2019
Table 41: Japanese Stock Market Performance (Index), 2010–2014
Table 42: Japanese HNWI Wealth vs. GDP Ratio (%), 2010–2019
Table 43: Japan– Appendix One
Table 44: Japan – Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Japan
Figure 3: Japanese Asset Price Performance (%), 2010–2014
Figure 4: Japanese HNWI Performance (US$ Billion and Volume), 2010–2019
Figure 5: Japanese vs Global HNWIs (%), 2010–2019
Figure 6: Japanese HNWIs – Growth Factor Correlation, 2010–2014
Figure 7: Japanese HNWIs – Wealth Pyramid (Population Distribution), 2014
Figure 8: Japanese HNWIs – Wealth Pyramid (Population Distribution), 2014
Figure 9: Japanese HNWIs – Age Distribution (%), 2014
Figure 10: Japanese HNWIs – Job Titles (%), 2010–2014
Figure 11: Japanese HNWIs – Distribution by Industry (%), 2014
Figure 12: Japanese HNWIs – City Performance (%), 2010–2014
Figure 13: Japanese HNWIs – Populations by City (Thousand), 2010 and 2014
Figure 14: Japanese HNWIs – City Forecasts (%), 2015–2019
Figure 15: Japanese HNWIs – Population by City (Thousand), 2015–2019
Figure 16: Japanese UHNWIs – Wealth Share vs Population Growth (%), 2010–2014
Figure 17: Japanese UHNWIs – Population by Wealth Band (Thousand), 2010–2019
Figure 18: Japanese UHNWIs – Wealth by Wealth Band (US$ Billion), 2010–2019
Figure 19: Japanese UHNWIs – Age Distribution (%), 2014
Figure 20: Japanese UHNWIs – Distribution by Industry (%), 2014
Figure 21: Japanese Billionaires – Market Overview (Volume and US$ Billion), 2010–2019
Figure 22: Japanese Centimillionaires – Market Overview (Volume), 2010–2019
Figure 23: Japanese Affluent Millionaires – Market Overview (Volume), 2010–2019
Figure 24: Japanese Mid-Tier Millionaires – Market Overview (Volume), 2010–2019
Figure 25: Japanese Lower-Tier Millionaires – Market Overview (Volume), 2010–2019
Figure 26: Japanese HNWIs – Asset Class Composition (%), 2010–2019
Figure 27: Japanese HNWIs – Investments in Alternative Assets (US$ Billion), 2010–2019
Figure 28: Japanese Trends in ‘Art, Wine and Wheels’, 2010–2014
Figure 29: Japanese HNWIs – Foreign Investment Allocation and Growth (%), 2014
Figure 30: Japanese HNWIs – Global Distribution of Foreign Investments (%), 2010–2019
Figure 31: Japanese HNWIs – Liquidity Breakdown (%), 2010–2019
Figure 32: Japanese UHNWIs – Asset Class Composition (%), 2010–2019
Figure 33: Japanese Exchange Rate – JPY to US$, 2010–2019
Figure 34: Japanese Real GDP Growth (%), 2010–2019
Figure 35: Japanese GDP Per Capita (US$), 2010–2019
Figure 36: Japanese Domestic Market Capitalization (US$ Billion), 2010–2014
Figure 37: Japanese Commodity Indices, 2010–2019
Figure 38: Japanese Foreign Direct Investments (US$ Billion), 2010–2019
Figure 39: Japanese Inflation Rate (%), 2010–2019
Figure 40: Japanese Money Market Rate (%), 2010–2019
Figure 41: Japanese Balance of Payments (US$ Billion), 2010–2014
Figure 42: Japanese Government Debt as a Percentage of GDP (%), 2010–2019
Figure 43: Japanese Stock Market Performance (Index), 2010–2014
Figure 44: Japanese HNWI Wealth vs. GDP Ratio (%), 2010–2019
Figure 45: Japanese HNWIs – Population by Wealth Band, 2010–2019
Figure 46: Japanese HNWIs – Wealth by Wealth Band (US$ Billion), 2010–2019
Figure 47: Japanese HNWIs – Wealth per Capita (US$ Million), 2010–2019
