Raw Japan
Slices of Japanese business, politics and life
from Summit Notebook:
Asia still a wealth of wealth players
A few years ago, domestic and international financial players were chomping at the bit to lure Mrs. Watanabe's millions of yen or fellow Asians' yuan, won or dollar holdings from their futons or equal-interest savings accounts.
The global financial crisis in the last year has sparked a rejigging of foreign institutions' expectations about Asian wealth and their own ability to attract it, with some opting out of the game altogether.
Barclays Asia-Pacific CEO Robert Morrice isn't letting his rivals' woes temper enthusiasm.
He says the No.2 British bank will boost staff and its private banking arm, Barclays Wealth, expects to manage $20 billion in Asia outside of Japan by 2012, compared with $10 billion at end of this year.
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Resident Raw Japan Expert
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