Japan's asset management market faces a year of change following the end of a longstanding negative interest rates regime and the possible implementation of new rules about outsourcing.
Last week the Bank of Japan raised interest rates for the first time in 17 years, a decision that was largely welcomed by asset managers.
This was followed by the Japanese Financial Services Agency (FSA) sending a bill to parliament designed to boost the operations of the county's asset managers.
The FSA's bill proposes allowing firms to outsource their middle and back office processes. It is also designed to support the development of a market for unlisted securities.
Meanwhile, the Japanese government is looking to launch an initiative, described as a 'professionalisation push' that will develop the asset management skills of the country's corporate pension funds.
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