WealthInsight http://www.marketresearch.com/WealthInsight-v3905/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST Email: [email protected] MarketResearch.com Publication date: July 2015 Report code: WI0361MR High Net Worth trends in Japan 2015 www.wealthinsight.com High Net Worth trends in Japan 2015 ©WealthInsight. This report is a licensed product and is not to be photocopied Beijing • Buenos Aires • Frankfurt • Hong Kong • Hyderabad • London • Madrid • Mexico City • New York • San Francisco • Seoul • Shanghai • Singapore • Sydney About WealthInsight The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 125,000 HNWIs from around the world. The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market. With the database 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. High Net Worth trends in Japan 2015 ©WealthInsight. This report is a licensed product and is not to be photocopied TABLE OF CONTENTS 1 Introduction ........................................................................................................ 7 1.1 Details of this Report ............................................................................................................... 7 1.2 Definitions ................................................................................................................................ 8 2 Executive Summary ......................................................................................... 12 3 Wealth Sector Fundamentals.......................................................................... 15 4 Distribution of Wealth in Japan ...................................................................... 16 4.1 HNWI Population and Wealth Trends ................................................................................... 17 5 Findings from the WealthInsight HNWI Database ......................................... 19 5.1 Trends in HNWI Wealth to 2019 ........................................................................................... 19 5.1.1 HNWI trend analysis ..................................................................................................... 19 5.1.2 Wealth band trends ....................................................................................................... 20 5.1.3 Demographic breakdown of HNWIs .............................................................................. 22 5.1.4 HNWIs – job titles .......................................................................................................... 23 5.1.5 HNWIs – industry breakdown ........................................................................................ 24 5.1.6 HNWIs – industry performance ..................................................................................... 25 5.1.7 HNWIs – breakdown by city .......................................................................................... 26 5.1.8 HNWIs – city performance ............................................................................................ 27 5.1.9 HNWIs – city population densities ................................................................................. 29 5.1.10 HNWIs – city forecasts .................................................................................................. 30 5.2 UHNWIs ................................................................................................................................ 33 5.2.1 UHNWI population trend analysis ................................................................................. 33 5.2.2 UHNWI wealth trend analysis ....................................................................................... 35 5.2.3 Demographic breakdown of UHNWIs ........................................................................... 36 5.2.4 UHNWIs – industry breakdown ..................................................................................... 38 5.2.5 UHNWIs – city breakdown and performance ................................................................ 39 5.3 UHNWIs – Billionaires ........................................................................................................... 41 5.3.1 Billionaire volume trend analysis ................................................................................... 42 5.3.2 Billionaire wealth trend analysis .................................................................................... 42 5.3.3 Billionaire per capita net worth trend analysis ............................................................... 42 5.3.4 List of billionaires ........................................................................................................... 43 5.4 UHNWIs – Centimillionaires .................................................................................................. 44 5.4.1 Centimillionaire volume trend analysis .......................................................................... 45 5.4.2 Centimillionaire wealth trend analysis ........................................................................... 45 5.4.3 Centimillionaire per capita net worth trend analysis ...................................................... 45 5.5 UHNWIs – Affluent Millionaires ............................................................................................. 46 High Net Worth trends in Japan 2015 ©WealthInsight. This report is a licensed product and is not to be photocopied 5.5.1 Affluent millionaire volume trend analysis ..................................................................... 47 5.5.2 Affluent millionaire wealth trend analysis ...................................................................... 47 5.5.3 Affluent millionaire per capita net worth trend analysis ................................................. 47 5.6 Core HNWIs .......................................................................................................................... 48 5.6.1 Core HNWI volume trend analysis ................................................................................ 48 5.7 Core HNWIs – Mid-Tier Millionaires ...................................................................................... 49 5.7.1 Mid-tier millionaire volume trend analysis ..................................................................... 50 5.7.2 Mid-tier millionaire wealth trend analysis ...................................................................... 50 5.7.3 Mid-tier millionaire per capita net worth trend analysis ................................................. 50 5.8 Core HNWIs – Lower-Tier Millionaires .................................................................................. 51 5.8.1 Lower-tier millionaire volume trend analysis ................................................................. 52 5.8.2 Lower-tier millionaire wealth trend analysis .................................................................. 52 5.8.3 Lower-tier millionaire per capita net worth trend analysis ............................................. 52 5.9 Key Drivers ............................................................................................................................ 53 5.9.1 JPY to US$ exchange rate ............................................................................................ 53 5.9.2 Real GDP growth .......................................................................................................... 54 5.9.3 Per capita GDP ............................................................................................................. 55 5.9.4 Domestic market capitalization ..................................................................................... 56 5.9.5 Commodity index........................................................................................................... 57 5.9.6 Foreign direct investment (FDI) – inflows and outflows ................................................ 58 5.9.7 Inflation rate ................................................................................................................... 59 5.9.8 Interest rate ................................................................................................................... 60 5.9.9 Balance of payments ..................................................................................................... 61 5.9.10 Government debt........................................................................................................... 62 5.9.11 Stock market performance ............................................................................................ 63 5.9.12 Wealth Breakdowns ...................................................................................................... 64 6 About WealthInsight ........................................................................................ 69 High Net Worth trends in Japan 2015 ©WealthInsight. This report is a licensed product and is not to be photocopied LIST OF TABLES Table 1: HNWI Wealth Band and Group