|Reuters: Japan expects over 1/4 of citizenry to be 65+ by 2015. Via and via.|
From Japan's lost generation to their estimated 41,000 centenarians, age disparity profoundly affects Japanese society, culture and economy.
Traditionally, Japanese people who graduated from university would generally be hired by a company and stay there until they had to retire. Stability has always taken precedent over upward mobility. With current changing global economic and social trends, the individual is beginning to take more responsibility for his/her financial future by resorting to new online brokerage accounts and non-traditional investment vehicles. This is coupled with the rapid retirement of the baby boomer generation who are in need of asset management services to help them for their remaining years.
The old vs. new debate is as relevant as ever, especially for financial professionals and the general investing population when considering Japan, one of the world’s largest economies and consumer societies. In Japan Society's Wealth Managers Grapple with Japan's Shifting Generations, experts discuss major shifts in Japanese wealth management, how participants around the world are affected, and examine a host of financial planning implications for current and future Japanese retirees.
The panel includes Monex Group President and CEO Oki Matsumoto; Alicia Ogawa from Columbia University's School of International and Public Affairs; and Walter Altherr, executive director of equity research at Mizuho Securities USA. Moderated by Reuters' Anchor Fred Katayama, the discussion takes place Wednesday, November 10.