Japan Private Banking Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Private Banking Market Analysis
Private Banking Market in Japan is expected to register a CAGR of more than 4% in five years. Japan is considered one of the fastest-growing markets for private banking in Asia. The concept of private banking was alien to the Japanese for many years. Citibank was the first financial institution that introduced private banking to the Japanese and played an essential role in developing private banking in the country. Following Citibank's success, many other financial institutions, both domestic and foreign, entered the industry.
The economic reforms undertaken by the Japanese government also encouraged many financial institutions to provide private banking services to their clients. The COVID-19 pandemic affected all aspects of human life, including the economy. Investments, transactions, and other financial services got a surprising shock as the effects of the pandemic. Japanese banks pursued a dual mission to support national prosperity and growth. This continued their long tradition of serving society and created a positive uplift in national GDP and banking revenues.
Japan Private Banking Market Trends
Number of High Net Worth Adult Individuals (HNWI) in Japan in 2021
High Net-Worth individuals (HNIs) belong to the financial services sector, where a class of individuals has an investible surplus of more than Rs 5 crore below this threshold. Such investors are categorized as retail as measured by their net worth in the financial industry.HNIs are always in high demand by private wealth managers because preserving and maintaining such assets takes much work. Japan has a population of 125.85 million. In 2021, there were more than 3.16 million high-net-worth individuals (HNWI) with a net worth of one to five million U.S. dollars in Japan, compared to 88 individuals with a net worth of over 500 million dollars. If the HNIs are more, it will significantly impact the banking and financial sectors.
Capital Adequacy Ratio of Banks in Japan in 2021
The total capital ratio measures the ratio of a bank's capital to its risk-weighted assets. In the fiscal year 2021, the capital adequacy ratio of Japanese banks that have adopted the international regulatory framework for banks stood at 13.27 percent. Banks adopting the domestic standard had an average capital adequacy ratio of 9.64 percent. Banks' minimum capital adequacy ratio requirements are lower under the domestic standard. The target minimum standard capital adequacy ratio is set at 8 percent.
Japan Private Banking Industry Overview
The report covers private central banks operating in japan based on the market share. In terms of market share, few of the major players currently dominate the market. Bank to be a significant market player depends on the factors such as best interest rates, Financial solutions with minimal requirements, customer support, and trustworthiness when it comes to fixed deposits. Following are the top banks operating in the country: Mitsubishi UFJ Financial Group, Japan Post Bank Co., Ltd., Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Norinchukin Bank
Japan Private Banking Market Leaders
Mitsubishi UFJ Financial Group
Japan Post Bank Co., Ltd.
Mizuho Financial Group
Sumitomo Mitsui Financial Group
Norinchukin Bank
*Disclaimer: Major Players sorted in no particular order
Japan Private Banking Market News
- January 2023: Mitsubishi UFJ Financial Group Inc., or MUFG, which earns about half of its net operating profit from overseas operations, expects to close deals worth at least a combined 108 billion in Asia-Pacific in 2023. The bank and its subsidiaries announced plans in 2022 to acquire various consumer finance and securities businesses in the Philippines, Indonesia, and Thailand.
- January 2023: Sumitomo Mitsui Financial Group Inc. is considering more considerable holdings in some of its existing ventures in India, Indonesia, the Philippines, and Vietnam. The megabank is Japan's second-largest lender after MUFG and aims to increase the net profit from those businesses to 100 billion in the fiscal year ending March 2026 from about 60 billion in the current fiscal year ending March 2023.
Japan Private Banking Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Impact of COVID-19 on the Market
4.6 Insights on Latest Trends and Technological Innovations in the Industry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Asset Management Service
5.1.2 Insurance Service
5.1.3 Trust Service
5.1.4 Tax Consulting
5.1.5 Real Estate Consulting
5.2 By Application
5.2.1 Personal
5.2.2 Enterprise
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Mitsubishi UFJ Financial Group
6.2.2 Japan Post Bank Co., Ltd.
6.2.3 Mizuho Financial Group
6.2.4 Sumitomo Mitsui Financial Group
6.2.5 Norinchukin Bank
6.2.6 Resona Holdings
6.2.7 Fukuoka Financial Group
6.2.8 Chiba Bank
6.2.9 Bank of Yokohama
6.2.10 Hokuhoku Financial Group, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Japan Private Banking Industry Segmentation
Private banking is defined as the financial activity orientated to wealthy customers to manage their wealth in the long-term period according to the objectives and needs of the clients. Private Banking is a team of professionals that deliver private banking and wealth management services to high net-worth individuals and families, from banking and cash management to lending, investment strategies, and trust and wealth advisory services. Private banking services have been targeted by many large banks because of the growing wealth of individuals and the relative profitability of private banking businesses. The report provides more details about industry trends and the latest updates. Private Banking Market in Japan is segmented by type (Asset Management Service, Insurance Service, Trust Service, Tax Consulting, and Real Estate Consulting) and by application (Personal and Enterprise). The report offers market size and forecasts for the private banking market in Japan in value (USD Million) for all the above segments.
| By Type | |
| Asset Management Service | |
| Insurance Service | |
| Trust Service | |
| Tax Consulting | |
| Real Estate Consulting |
| By Application | |
| Personal | |
| Enterprise |
Japan Private Banking Market Research FAQs
What is the current Japan Private Banking Market size?
The Japan Private Banking Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Japan Private Banking Market?
Mitsubishi UFJ Financial Group, Japan Post Bank Co., Ltd., Mizuho Financial Group, Sumitomo Mitsui Financial Group and Norinchukin Bank are the major companies operating in the Japan Private Banking Market.
What years does this Japan Private Banking Market cover?
The report covers the Japan Private Banking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Private Banking Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Private Banking Industry Report
Statistics for the 2024 Japan Private Banking market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Private Banking analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
