Betting Big: Global Asset Managers And Japan

Japan's New Role in Global Markets

Japan's US$7 trillion in household cash savings has long symbolised the country's cautious approach to investment. The tide is now turning. In 2023, inflows into Japanese investment trusts reached US$107.7 billion, an 89% increase year-on-year, while overall assets under management ("AUM") in Japan grew 18%, the fastest of any major market.

What was once a slow and gradual shift is now gathering pace, with consequences that extend well beyond Japan. From household savers entering alternatives for the first time to life insurers reallocating billions into private credit, Japan is fast becoming one of the world's most important sources of capital.