On October 4th, I had the opportunity to listen to President Nakano of Nakano Asset Management at Yamato-Yagi SG, which participated in the Nara Branch of the FP Association.
I have had several opportunities to listen to President Nakano’s lecture, and he explained about the major trends of asset management from the perspective of Japanese Government policy.
The basis of this lecture is that the Cold War, which lasted until around 1990 after World War II, terminated along with the collapse of the Soviet Union.
The globalism that continued under the powerful system of the United States came to an end with the war in Ukraine and the emergence of President Trump.
From now on, by moving to a bloc economy, including the US-China confrontation, the inflation would once again become the keynote of the world.
Since I am teaching US politics in a senior course at a university, I read various books, newspapers, and internet news to understand what is occurring now.
Accordingly, I came to conclusion that, behind the people who demonstrated their talents and led the economy by the information technology, there has been too much rapid progress and value shift.
However, many silent majorities have struggled to keep pace with rapid progress and change.
At the time of Trump’s appearance, I believe that they have rebelled against the fear that their lives and their values (white supremacy and Christian Protestant values) may be destroyed.
Their thinking seems illogical but strongly supports President Trump’s “tariff wall” and “border wall” policies.
Based on the support, he promotes aggressively his policies, opposes globalism, and is trying to return the United States to isolationism.
If the United States, which produces 25% of the world’s GDP and is the center of the economy and military, turns back to isolation, the world will be chaotic, and there is a possibility that the opposite phenomenon against the balance of power policy would occur.
Mr. Nakano’s lecture is that the tide shift from the United States has appeared as an inflationary trend, and in the world of asset management, there would be a major change from traditional indirect finance in Japan to direct finance.
As I work to attract international financial institutions to Osaka, I notice that young investors who prefer equities over traditional banking are poised to revolutionize Japan’s financial sector. Their focus on advanced technology will help reshape both the industry and its practices.
The major changes in the tide that Mr. Nakano foresees will be accompanied by major changes in the economy and lifestyles, including the market.
Grocery and other goods prices have recently risen by double digits.
Japan’s long-standing low interest rates are gradually rising, altering key fundamentals.
It’s beginning to crumble.
While it is difficult to predict future developments, as a financial planner specializing in asset management and life planning, I am committed to continuously gathering up-to-date information and refining my professional judgement.