TOKYO -- Japan's financial regulator is set to ease the rules on starting an asset management business in the country as it seeks to boost the sector, Nikkei has learned.
A key change will be allowing new businesses to narrow their focus on mostly investing. This will allow companies to have a smaller unit of wealth management that invests in financial products and companies, not a whole set of asset management functions which includes administrative tasks such as calculating prices of investment funds, publishing monthly reports and compliances.
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