Resona Holdings Inc.’s new asset management unit, which opens for business on Sept. 16, expects to be overseeing ¥1.3 trillion by 2021 as households invest more of their savings because of near record-low interest rates.
“There’s been a strong tailwind driving the investment needs of retail customers since the launch of Abenomics,” Akihiro Nishiyama, president of Resona Asset Management Co., said in an interview in Tokyo on Tuesday. He aims to reach ¥120 billion in assets under management in the first 18 months of operation and at least ¥1.3 trillion by the end of March 2021.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.