Conference Presentation, Panel
Japan's Great Investment Wave
Milken InstituteKotaro Tamura, Victor Chu, Yasuhide Nakayama, Kiyotaka Sasaki, Takumi Shibata, Sasaki-san, Shibata-san, Steve Tsang, Nakayama-san, HIROTAKA YOSHIDALEMURA, HIROKA IWASAKI
- Japan's investment landscape discussion will continue as unfinished business, analyzing both outbound and inbound investment phases.
- Steve Tsang anticipates strong investment interest in Japanese real businesses and technologies, specifically low-cost carrier airlines and high-tech startups, describing himself as "maximum bullish on Japan."
- The government and Financial Services Agency (FSA) are introducing a new individual savings account to mobilize individual assets and implementing preemptive, forward-looking oversight measures to enhance capital market integrity.
- Corporate governance reforms are currently considered only "halfway there," with expected increases in pressure from shareholder activists to drive more effective governance practices.
- Tourism metrics are projected to remain robust, with Peach Aviation expecting to transport six million passengers this year (65% young females) and Chinese tourist arrivals growing 25% to 30% year-on-year despite political tensions, with figures expected to rise through and beyond the 2020 Tokyo Olympics.
- The government plans to support investment activity based on trust to convert crises into opportunities while preparing for a population decline from 64 million to 61 million by 2030.
- To address demographic challenges, a plan aims to increase nursery capacity by half a million units by 2020, a measure expected to sustain the economy for at least five years, alongside increased foreign workforce participation in hospitality and childcare sectors.
- Future plans include hosting an Integral Resort (IR), potentially including a countryside site to revitalize regions using local assets, with international casino operators expected to invest approximately $50 billion per site if facilities are built near Tokyo.
- Geopolitical forecasts suggest Japan and China will grow closer due to Korean Peninsula tensions, while a successful bilateral talk between the U.S. and North Korea could usher in a new regional stage.
- Japan is scheduled to host the 2025 Expo in Osaka, an event anticipated to showcase global engagement similar to the participation of African athletes during the 2020 Olympic Games.