Deutsche Bank Group sees itself as uniquely qualified to usher in the planned new 401(k)-type of pension programs in Japan, but an official of the Frankfurt-based financial giant has reservations about how well the system will be received.
According to Toshiro Miyagi, a director at Deutsche Asset Management (Japan) Ltd., one of the group's Tokyo units, the firm is positioned to take advantage of the group's strength through comprehensive investment in Japan and abroad.
"We have been engaged in (conventional) pension business mainly with balanced-type asset management. That is our biggest strength," Miyagi said in an interview.