Japan's Rich Will Invest $1.4 Trillion More by 2030, Report Says.

According to an analysis by Morgan Stanley, wealthy Japanese individuals are expected to increase their investments by over 30% by 2030. The combined segment of ultra-high net worth individuals and the "upper affluent" is projected to have investments worth 906 trillion yen ($5.8 trillion) by 2030, up from the current level of around 690 trillion yen. This presents a sales opportunity of approximately $38 billion for Japan's financial firms. Young affluent Japanese are seen as a potential source of growth, with mutual fund inflows expected to be significant in the longer term. [Extracted from the article]