Published Date Oct 01, 2023

Now, prime minister Fumio Kishida is aiming to address what government officials call the “final piece” of the puzzle that is trying to unlock $14tn of household financial assets: a shake-up of the country’s asset-management industry. “We will push hard to encourage sophisticated asset management and to solicit new entrants,” Kishida said in a speech at the Economic Club of New York, in late September.

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By Caroline Gaudette

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