Japan
Arakurayama Sengen Park © Fuji-Yoshida City (Licensed under CC BY 4.0）https://creativecommons.org/licenses/by/4.0/
Japan FinTech Market has been expanding rapidly since 2018 and is expected to continue growing, with projections to reach approximately US $11 billion by 2022 (CAGR = 51%). The Government of Japan has positioned FinTech as a part of its national strategy and is committed to economic growth by promoting innovation and improving the market environment solving social constraints. Engaging and collaborating with companies and human resources overseas with digitalization, asset management, and ESG/SDGs as the critical priorities.
Economy: Japan is the world's 3rd-largest economy, after the United States and China. Its 25%, or $1.6 trillion, is concentrated in the Tokyo Metropolitan Area, which boasts the world's largest GDP by city (followed by New York with $1.4 trillion).
Financial Markets: The Tokyo Stock Exchange is home of the world's most liquid and high-quality capital markets, with approximately 3,700 listed companies, a market capitalization of roughly $5.5 trillion (#3 in the world and #1 in Asia), and daily stock trading of about $27 billion (#1 in Asia).
Financial assets: Household financial assets in Japan amount to $18 trillion. With the support of the government's policy, investments have been activated in each sector.
Industrial structure: Not limited to finance and includes many world-class large companies such as automobiles, machinery, medical care, and small and medium-sized companies possess advanced manufacturing and environmental technologies.
Social infrastructure: Tokyo has reliable infrastructure such as transportation, communications, and abundant human resources, which is always ranked in the top 10 in Z / Yen Partners' Global Financial Centers Index (GFCI) and AT Kearney's Global Cities Index. Tokyo is one of the leading cities in Asia where you can build a comfortable business environment.
Source: FinCity.Tokyo https://fincity.tokyo/en/
COMMUNITY PARTNER
Ryohei Uetani
Ryohei is a Senior Manager at Accenture and is a Business Consultant with over 18 years of experience in banking and capital markets. Since 2015, he has worked as an expat in New York for 6 years with multi-regional leaderships. Also, he studied for a Strategy and Innovation Certificate at MIT Sloan, where he met with Angel and FinTech Connector. He relocated back to Japan in 2021 and is exploring new possibilities with digital and sustainable customer experience, including Embedded finance (i.e., financial services provided by Non-FIs), Data commercialization, Green IT, and Collaboration with start-ups.
He and his wife (ex-teacher) are launching SUSTEM.net : Sustainability x STEM x FinTech. It discovers, publicizes, and supports Japanese businesses and products that provide socially meaningful experiences, empowers people who desire to work internationally, and incubates and gathers Green FinTech insights to explore ways to solve social problems.
I look forward to working with the Global FinTech Connectors and Japan local communities to create synergistic value by combining our experiences and networks.
日本、海外の皆さま、よろしくお願いします！