The terrain for mutual funds in Japan has been rough. Many foreign firms rushed in following deregulation in the mid-1990s expecting a pot of gold. The market is miniscule, yet Japan has the world's second largest savings pool and its investors desperately need better returns to enjoy a dignified retirement. But disappointment over the structure of the new defined contribution law, sagging stock markets and a perceived risk aversion among Japanese investors has prompted many firms to scale back their retail business or close shop altogether.
Bill Wilder, president at Fidelity Investments in Tokyo, speaks with FinanceAsia about why Fidelity continues to like doing business in Japan.
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