日本の富裕層ランキングが世界3位？たった1年で富裕層が急増した理由を解説します！ — Transcript

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1. 0:00Since income growth is lower than the
2. 0:02rise in prices, everyone is struggling
3. 0:04to make ends meet. Life is tough for
4. 0:07most, but the number of wealthy people
5. 0:09is actually increasing rapidly.
6. 0:11>> Yes.
7. 0:15>> Hello. This is Kan, the tax expert.
8. 0:17>> Mr. Kan.
9. 0:18>> Yes.
10. 0:19>> You often hear that life is getting
11. 0:20harder for many Japanese people, right?
12. 0:22>> I do.
13. 0:23>> But on the other hand,
14. 0:24>> I've also heard that the wealthy class
15. 0:26is growing.
16. 0:26>> Is this actually true?
17. 0:28>> Yeah. Well, it is increasing. The
18. 0:31wealthy have suddenly appeared. Just
19. 0:33like that.
20. 0:36>> People who have "just like that" become
21. 0:37wealthy are increasing.
22. 0:39>> Is that what it is?
23. 0:40>> That's exactly it.
24. 0:41>> Everyone went independent.
25. 0:42>> The number of people going independent
26. 0:44has also increased, hasn't it?
27. 0:45>> Yeah. The wealthy class is growing.
28. 0:47>> Huh.
29. 0:47>> Yeah. So, you can see that a bit of a
30. 0:50divide is starting to emerge, right?
31. 0:53>> Oh.
32. 0:53>> Yeah. Japan hasn't really been a
33. 0:56society with a huge gap, but it's a bit
34. 0:58worrying that some disparity is
35. 1:00appearing. Yeah. Oh.
36. 1:01>> Yeah.
37. 1:02>> So then, why is the wealthy class
38. 1:03suddenly increasing like that?
39. 1:05>> Please explain that to us today.
40. 1:07>> Yeah. Yes. Understood. Wait, an
41. 1:09explanation?
42. 1:10>> Yes.
43. 1:10>> Why the wealthy suddenly popped up.
44. 1:12>> Yes.
45. 1:13>> YouTube success.
46. 1:18>> Thank you.
47. 1:20>> That’s right.
48. 1:21>> That's it. That’s all.
49. 1:22>> That’s all? No, but isn't it
50. 1:24increasing across the board in society?
51. 1:26>> Oh, in society, not everyone is hitting
52. 1:27it big on YouTube, you know.
53. 1:29>> That's right. That's right.
54. 1:30>> I’m the only one hitting it big on
55. 1:32YouTube.
56. 1:32>> Yes.
57. 1:33>> Yes. Understood.
58. 1:35>> Well then, today I want to explain the
59. 1:37situation of the wealthy, including the
60. 1:39overall state of the Japanese public
61. 1:42>> and why the number of wealthy people is
62. 1:44surging, as well as where Japan stands
63. 1:46globally.
64. 1:47>> Yeah. Yes. Please.
65. 1:49>> Yes.
66. 1:51>> Yes. First, what do you think the
67. 1:53criteria for being "wealthy" is?
68. 1:55>> The criteria for the wealthy.
69. 1:56>> Yeah.
70. 1:57>> Assets of 100 million yen.
71. 1:58>> Oh, excellent.
72. 2:01>> There is a pyramid often cited by the
73. 2:03Nomura Research Institute, and at the
74. 2:05bottom, there is the mass market.
75. 2:07>> That exists, right?
76. 2:08>> Yes.
77. 2:09>> And above that is the mass affluent.
78. 2:11>> Oh.
79. 2:11>> And in the middle, the semi-wealthy.
80. 2:13>> Yes.
81. 2:14>> And above that, the wealthy.
82. 2:15>> Yes.
83. 2:16>> So, at the very top, the ultra-wealthy.
84. 2:17Wow.
85. 2:18>> Yeah. That's it. And like Miro-kun said
86. 2:20, the top two, the ultra-wealthy and
87. 2:22the wealthy. The wealthy and above have
88. 2:23financial assets of over 100 million
89. 2:25yen.
90. 2:25>> Yes.
91. 2:26>> Financial assets.
92. 2:27>> Financial assets minus debt, right?
93. 2:29>> Yeah. Yeah.
94. 2:30>> What are financial assets?
95. 2:31>> Financial assets?
96. 2:32>> Yeah.
97. 2:32>> Stocks and securities, all of that.
98. 2:34>> Right. Stocks.
99. 2:35>> Yeah.
100. 2:36>> Real estate...no, not real estate. Gold
101. 2:38.
102. 2:38>> That's not a financial asset. It's not
103. 2:40financial. That
104. 2:41>> Gold assets.
105. 2:42>> Gold assets.
106. 2:43>> Financial assets. Cash.
107. 2:45>> Cash, yeah. Cash, stocks, investment
108. 2:47trusts, and so on.
109. 2:48>> Ah, investment trusts.
110. 2:50>> Yeah. Well, things like that are mainly
111. 2:51...
112. 2:52>> Yes.
113. 2:52>> Things that can be turned into cash
114. 2:54immediately.
115. 2:54>> So, things kept in an account,
116. 2:55essentially. Ah.
117. 2:56>> Ah, that's what you mean.
118. 2:58>> Yeah. Bank accounts, brokerage accounts
119. 3:00, or cash under the mattress.
120. 3:01>> Oh.
121. 3:01>> Yeah. So real estate or gold—well,
122. 3:04gold probably doesn't count, though.
123. 3:06Gold, watches, cars, and such.
124. 3:08>> Ah.
125. 3:09>> Those aren't included. Yeah.
126. 3:10>> Yeah. Well, people who own those are
127. 3:12also wealthy, though.
128. 3:13>> That's true. The "wealthy" group of 100
129. 3:15million or more defined by Nomura
130. 3:17Research Institute is based solely on
131. 3:19financial assets.
132. 3:20>> That's the kind of person. The
133. 3:21ultra-wealthy are...
134. 3:25>> And, well, this is based on the number
135. 3:27of households; Nomura Research
136. 3:29Institute calculates the ratio based on
137. 3:32this.
138. 3:39>> Oh, yes.
139. 3:40>> Assuming there are 55.7 million
140. 3:41households in Japan.
141. 3:43>> Yes.
142. 3:43>> 55.7 million households.
143. 3:45>> Yeah. The bottom "mass" group, with
144. 3:47financial assets under 30 million yen.
145. 3:49>> Out of 55 million, about 44 million.
146. 3:52>> Oh, 8...
147. 3:53>> Percent—about 80%are the mass group,
148. 3:56under 30 million.
149. 3:58>> And 30 to 50 million is 5.76 million
150. 4:01households, which is 5%...
151. 4:05>> That's the upper-mass group.
152. 4:07>> 30 to 50 million, right. So this mass
153. 4:09group is 80%, upper-mass is 10%, that's
154. 4:1290%right there.
155. 4:13>> That's right.
156. 4:14>> Okay, next is the quasi-wealthy, 50
157. 4:16million to 100 million. That's 4.03
158. 4:18million households. A little over 7%.
159. 4:21>> Huh. Right.
160. 4:22>> Yeah. So that gets you to about 97%.
161. 4:25>> Yes.
162. 4:26>> Up to the quasi-wealthy.
163. 4:27>> Yes. One......
164. 4:28>> hundred million or less.
165. 4:29>> Top 3%.
166. 4:30>> And 100 million or more is the top 3%.
167. 4:32>> Yes.
168. 4:33>> That's it.
169. 4:34>> There's no way to reach that level.
170. 4:36>> Can't reach it.
171. 4:37>> Can't reach it. Can't reach it.
172. 4:38>> By the way, Miro-kun, where do you fall
173. 4:40?
174. 4:40>> I'm definitely in the mass group.
175. 4:42>> Good for you for saying that. I'm in
176. 4:43the mass group.
177. 4:44>> Good. You said it.
178. 4:45>> I am...
179. 4:46>> That’s strange.
180. 4:47>> It looks like it.
181. 4:48>> That’s strange. In a few months,
182. 4:51it'll probably be about this much. Am I
183. 4:53...
184. 4:53>> Mass-affluent?
185. 4:54>> Mass-affluent.
186. 4:55>> Is that so? Are you losing that much at
187. 4:57the slots?
188. 4:57>> Yes. At the slots. If I hadn't been
189. 5:00playing slots,
190. 5:00>> I think I would've been in the upper
191. 5:02mass-affluent bracket.
192. 5:05>> Oh, really? From 100 million to 500
193. 5:08million is the wealthy class. And,
194. 5:10>> this is 2.7%to 8%. But there are that
195. 5:13many, right?
196. 5:14>> Yes. And those with 500 million or more
197. 5:17are 0.2%.
198. 5:18>> Indeed.
199. 5:19>> About two households out of every 1,000
200. 5:21. About that, yeah. So, you see. Yes.
201. 5:24That’s how it is, and
202. 5:26>> this top 3%—the wealthy class with
203. 5:27100 million or more—is increasing.
204. 5:29>> Yes.
205. 5:30>> Yes. Apparently, there are 400,000 more
206. 5:32Japanese people in that bracket this
207. 5:33past year.
208. 5:33>> That’s amazing.
209. 5:34>> The wealthy.
210. 5:35>> That many?
211. 5:35>> 400,000 people.
212. 5:36>> Can they really just increase that
213. 5:38suddenly?
214. 5:38>> Yeah. But right now, income growth is
215. 5:41lower than price inflation, so everyone
216. 5:43is struggling to live.
217. 5:45>> That’s what they say, right?
218. 5:47>> It is. Life is tough, but a portion of
219. 5:50the wealthy is increasing rapidly.
220. 5:53>> Yes. Why...
221. 5:55>> Why do you think they're increasing?
222. 5:57>> Well, as they often say about investing
223. 5:59,
224. 5:59>> stocks—like Big Tech stocks—are
225. 6:01going up, right?
226. 6:02>> Oh, people who are investing,
227. 6:03>> the stocks they hold just keep going up
228. 6:05, and...
229. 6:05>> Yes.
230. 6:06>> It’s not just US stocks, either.
231. 6:07Japanese stocks are going up too.
232. 6:09Japanese stocks are rising steadily as
233. 6:10well.
234. 6:10>> What did you call it again?
235. 6:11>> Yeah.
236. 6:12>> S&P, yeah. That’s US stocks. And
237. 6:14there’s "All-Country.""All-Country,"
238. 6:16or "Orkan." It's an investment trust
239. 6:18that gathers the world's leading stocks
240. 6:20, and Japanese stocks, too...
241. 6:22>> are rising, especially among listed
242. 6:23companies.
243. 6:24>> Oh.
244. 6:25>> So, people who invest are becoming
245. 6:27wealthy.
246. 6:28>> That’s right.
247. 6:29>> The stocks held by investors are
248. 6:31naturally increasing in value.
249. 6:33>> Yes.
250. 6:33>> So, it’s a bit different from
251. 6:35actually earning it. Working a job and
252. 6:37earning it. Rather than that, 400,000
253. 6:39people became wealthy with over 100
254. 6:41million because they bought stocks and
255. 6:43the value just kept rising on its own.
256. 6:46>> That’s...
257. 6:46>> Amazing. Isn't it amazing? There’s
258. 6:48also the weak yen.
259. 6:49>> Yeah.
260. 6:50>> The weak yen. For example, if you have
261. 6:52$ 10,000, and $ 1 is 100 yen, how much
262. 6:54is that?
263. 6:55>> $ 10,000?
264. 6:56>> Yeah.
265. 6:56>> $ 10,000 at 100 yen per dollar. 1
266. 6:58million.
267. 6:59>> Yeah. A million, huh. There was a time
268. 7:01for that, too.
269. 7:02>> Oh.
270. 7:02>> But what’s the dollar rate now?
271. 7:03>> What is it at right now? One dollar.
272. 7:05Well, it's hovering between 150 and 160
273. 7:07yen.
274. 7:08>> Ah, that’s right. 150, right.
275. 7:10>> So, even with the same 10,000 dollars,
276. 7:12if the yen keeps weakening, it can turn
277. 7:14into 1.6 million yen.
278. 7:15>> That’s true.
279. 7:16>> Yeah. So the more the yen weakens, the
280. 7:19more...
281. 7:20>> In terms of the yen amount, I mean.
282. 7:22>> That’s true.
283. 7:23>> Yeah. Your assets increase, right?
284. 7:25>> Wow. That’s amazing.
285. 7:27>> So people who hold a lot of dollars
286. 7:28just naturally see their yen value grow
287. 7:29. Yeah. Yeah. Yeah.
288. 7:30>> Right. The more the yen weakens. Yeah.
289. 7:32For sure.
290. 7:33>> Yeah. That’s one factor.
291. 7:34>> Yeah. Also, especially in cities, when
292. 7:37people sell the real estate they own,
293. 7:39property values have risen, so their
294. 7:40sales proceeds jump up.
295. 7:42>> Yeah. Yeah. Yeah.
296. 7:43>> That happens too.
297. 7:44>> Oh, I see, that's a thing too.
298. 7:45>> Yeah. Plus, once your own business
299. 7:47grows to a certain point, the valuation
300. 7:48of your company stock just keeps going
301. 7:50up.
302. 7:50>> Yes.
303. 7:50>> Yeah. Miro-kun, you're going to start
304. 7:52your own company soon, too.
305. 7:53>> I will.
306. 7:54>> Right. You’ll start it with about a
307. 7:55million yen, right?
308. 7:56>> Yes. I’ll use a million. That’s a
309. 7:58million, but for example, if you make
310. 8:0050 million in profit in a year...
311. 8:02>> Your company stock valuation becomes 51
312. 8:04million.
313. 8:04>> Do that, and suddenly you're part of
314. 8:06the wealthy class.
315. 8:06>> That’s crazy.
316. 8:07>> Yeah.
317. 8:07>> FIRE.
318. 8:08>> FIRE? No, FIRE is still too early.
319. 8:10>> Wait until it happens.
320. 8:11>> Yeah. Right. There are probably people
321. 8:13who are succeeding in their own
322. 8:14businesses.
323. 8:15>> That’s true.
324. 8:16>> Yeah. Because of that, well...
325. 8:19>> People who are doing various asset
326. 8:21management and those who grew their own
327. 8:23businesses have suddenly increased. So
328. 8:26now, uh...
329. 8:28>> In terms of the number of wealthy
330. 8:30people, the world considers anyone with
331. 8:32over 1 million dollars as wealthy.
332. 8:34>> So, having about 150 to 160 million yen
333. 8:37.
334. 8:37>> Yes.
335. 8:38>> That seems to be the global standard
336. 8:40for being wealthy. 1 million dollars,
337. 8:41right.
338. 8:42>> Yes. And Japan is currently 3rd in the
339. 8:44world.
340. 8:45>> Amazing.
341. 8:45>> Yeah. It’s actually pretty
342. 8:47significant.
343. 8:47>> Like, America, China, Japan...maybe
344. 8:49Germany is in there too? Yeah.
345. 8:51>> Right.
346. 8:51>> Well, if everyone had invested even a
347. 8:53little...
348. 8:54>> Yeah.
349. 8:54>> Things might have been different.
350. 8:55>> Right. So, whether or not you can
351. 8:57invest is really, after all...
352. 8:59>> Yeah. ...
353. 8:59>> the dividing line.
354. 9:00>> It really makes a huge difference,
355. 9:01doesn't it?
356. 9:02>> Right. But you're supposed to invest
357. 9:04with spare funds, right?
358. 9:05>> Yes.
359. 9:05>> If you don't have any spare, you can't
360. 9:06do it.
361. 9:07>> True.
362. 9:07>> If you're living paycheck to paycheck.
363. 9:08>> That's true.
364. 9:09>> Exactly.
365. 9:10>> I see. Right. I see. Exactly. Yeah.
366. 9:12>> If that happens, it can't be helped.
367. 9:14>> That's the thing. That's why it's a
368. 9:15difficult spot to be in. Whether you're
369. 9:17in a position where you can scrape
370. 9:18together even a little money to invest,
371. 9:19>> or in a situation where you can't
372. 9:21generate any at all. I see.
373. 9:22>> Yeah.
374. 9:23>> Even a little bit.
375. 9:23>> Yeah.
376. 9:24>> It's tough.
377. 9:25>> I see. That's true. Definitely.
378. 9:27>> Yeah. But now, with things like the new
379. 9:31NISA making it easier and easier to
380. 9:33invest, more people are doing it. Even
381. 9:35in their 20 s—though some call it "
382. 9:37NISA poverty"—there are people
383. 9:39cutting back on their own lives to
384. 9:41invest in NISA. They might become the
385. 9:43wealthy class in the future.
386. 9:44>> Yes. True, those people might become
387. 9:46wealthy.
388. 9:47>> They might. Yeah. But you know, in your
389. 9:4920s, you should go all-in.
390. 9:51>> All-in.
391. 9:51>> On your own business. Indeed.
392. 9:53>> I was saying "all-in," but then
393. 9:55Miro-kun started calling it "going
394. 9:57full-bore" halfway through, and like...
395. 10:00>> There was a comment about it.
396. 10:02>> Right. I kept saying "all-in," but he
397. 10:05said "going full-bore." Next time,
398. 10:09it'll become a habit of mine. "
399. 10:11>> Going full-bore on your own business,"
400. 10:13I think I'll say "all-in on your own
401. 10:15business."
402. 10:16>> All-in, right. "All-in" sounds a bit
403. 10:19vulgar, so "full-bore" doesn't have a
404. 10:22different meaning, but the nuance...
405. 10:27>> True, "all-in" it is.
406. 10:29>> Yeah.
407. 10:30>> What even is "going full-bore"?
408. 10:33>> Well, pushing all in, "full-bore,""
409. 10:35full-bore," yeah, people say that a lot
410. 10:38.
411. 10:39>> Yeah. "
412. 10:40>> Full-bore," the term is "tsupparu,"
413. 10:42yeah, it's "tsupparu."
414. 10:44>> What does "tsupparu" mean? It's a term,
415. 10:46right? Oh.
416. 10:47>> Like in Mahjong, "tsupparu."
417. 10:48>> To "tsupparu," yeah. Ah, the Mahjong "
418. 10:50tsupparu." What did "tsupparu" mean
419. 10:52again?
420. 10:52>> That's right. In Mahjong, even if the
421. 10:54opponent declares Riichi and you're in
422. 10:56a disadvantageous or dangerous
423. 10:57situation, you don't go on the
424. 10:58defensive and you keep discarding
425. 11:00dangerous tiles, aiming for your own
426. 11:02win.
427. 11:02>> Oh, I see.
428. 11:03>> If it's defensive, it's slightly
429. 11:05different from "all-in."
430. 11:07>> It is slightly different.
431. 11:08>> Yeah, it's slightly different. Yeah.
432. 11:11>> It just means using it all up.
433. 11:12>> Oh, you mean betting.
434. 11:13>> That's right. Betting.
435. 11:15>> Prepared to use it all up.
436. 11:17>> Using all your money.
437. 11:18>> Putting it in and going for it.
438. 11:19>> No matter how disadvantaged you are,
439. 11:21you still go for it.
440. 11:22>> Exactly. All-in.
441. 11:24>> All-in. My business is all-in.
442. 11:26>> I see, I see. Like double or nothing.
443. 11:28Oh, I see. So, you're all-in, Mr. Nishi
444. 11:31. A full bet.
445. 11:32>> Yes. A full bet, indeed.
446. 11:33>> Yeah.
447. 11:34>> Certainly.
448. 11:34>> Yeah.
449. 11:35>> It's quite different, isn't it?
450. 11:36>> Quite different. Yeah.
451. 11:37>> Yes. So, in your 20s, I want you to go
452. 11:39full bet on self-investment.
453. 11:40>> Yeah.
454. 11:41>> Not on asset management.
455. 11:42>> Exactly. I think that's more likely to
456. 11:44pay off in the winter, though.
457. 11:45>> Yeah. Yeah.
458. 11:46>> Yeah.
459. 11:47>> When I say self-investment,
460. 11:48>> well, starting your own business or a
461. 11:50side hustle, or sharpening your skills.
462. 11:52>> Oh, definitely.
463. 11:54>> I want you to go full bet on things
464. 11:55that raise your ability and improve
465. 11:57your business.
466. 11:58>> That's true.
467. 11:59>> Yeah.
468. 12:00>> Going all-in on that is risky, though.
469. 12:03If you go all-in, you'll probably lose
470. 12:05it.
471. 12:06>> Indeed, there are a lot of amazing CEOs
472. 12:09in their 20s these days.
473. 12:10>> A lot. I met one yesterday, too.
474. 12:12>> Yes.
475. 12:13>> Only in their 20s, in their 4th year,
476. 12:16in IT.
477. 12:16>> Already 2.7 billion in sales.
478. 12:19>> That's amazing.
479. 12:20>> Yeah, really.
480. 12:21>> Wow.
481. 12:22>> Incredible. But that means it's a
482. 12:24reachable goal, right? Reachable.
483. 12:26>> Yeah. It's reachable. Even my wife, who
484. 12:28just turned 30, is doing amazing things
485. 12:30. Nishi-kun knows her well, too.
486. 12:32>> Yeah. Oh, that's right. Oh, she's 37
487. 12:34now, isn't she?
488. 12:35>> 37 this year, yeah.
489. 12:36>> Yeah.
490. 12:36>> Yeah.
491. 12:37>> Wow.
492. 12:37>> She was amazing even in her 20s.
493. 12:39>> That's right.
494. 12:40>> Yeah. Wow. They have certainly expanded
495. 12:42rapidly over the last few years.
496. 12:43>> They have, haven't they?
497. 12:44>> Yeah. Right. Over 200 locations now.
498. 12:47>> That's right.
499. 12:47>> Yeah.
500. 12:48>> Back when I was still doing
501. 12:49>> YouTube, they hadn't conquered all 47
502. 12:52prefectures yet.
503. 12:53>> Ah.
504. 12:53>> And they said they wanted to conquer
505. 12:54them all.
506. 12:55>> They did it all at once, didn't they?
507. 12:56>> They did it all at once.
508. 12:58>> Amazing.
509. 12:58>> It's a full bet.
510. 12:59>> A full bet, indeed.
511. 13:01>> It's a full bet. Going all-in.
512. 13:03>> Indeed, while having monthly meetings
513. 13:05with Mr. Sugawara,
514. 13:06>> they carefully make a full bet. Exactly
515. 13:09. Yeah.
516. 13:09>> Right. Yeah. So, I do feel like
517. 13:12polarization is starting to happen.
518. 13:15More than polarization, well. It's that
519. 13:1790%are mass market or upper-mass market
520. 13:20.
521. 13:20>> Yeah. Yeah.
522. 13:21>> Yeah.
523. 13:21>> Y-yeah, I suppose so.
524. 13:23>> Yeah. I mean, even though interest in
525. 13:24investing has grown a bit in Japan
526. 13:26since NISA started, it's still a nation
527. 13:27of savers.
528. 13:28>> Yeah. That's certainly true.
529. 13:29>> Yeah. Savings don't grow, you know.
530. 13:31>> Yeah.
531. 13:32>> Yeah. The interest is like 0.something
532. 13:34percent.
533. 13:34>> That's true.
534. 13:35>> The weaker the yen gets, the lower its
535. 13:37value drops. So even if you keep 1
536. 13:39million yen in savings, its value just
537. 13:41keeps falling.
538. 13:41>> Right.
539. 13:42>> Yeah. Just holding onto it. It keeps
540. 13:44going down.
541. 13:44>> If you had exchanged that million for
542. 13:46dollars...
543. 13:46>> Yeah. ...if you'd converted it to
544. 13:47dollars, it would have increased.
545. 13:48>> Yeah.
546. 13:49>> And, well, people still don't really
547. 13:50have the habit of holding foreign
548. 13:52currency.
549. 13:52>> Indeed.
550. 13:53>> Yeah.
551. 13:53>> I get so many. Like, messages. From
552. 13:56online banks.
553. 13:56>> Oh, really? "
554. 13:57>> Won't you hold some?""
555. 13:58>> Won't you buy some dollars?"
556. 13:59>> That's only for people who have it,
557. 14:01right? Only for people who have money.
558. 14:03>> I'm working hard while dreaming of that
559. 14:05. But really, it's true—financial
560. 14:09institutions, banks and the like, just
561. 14:12look at people's account balances and
562. 14:14try to sell them things.
563. 14:16>> It feels a bit like......
564. 14:19>> misusing personal information. Yeah. "
565. 14:21>> How do you even know that?" is what I
566. 14:23end up thinking.
567. 14:25>> I get random personal calls saying
568. 14:26things like, "Mr. Sugawara, we have
569. 14:28something we'd like to show you." And
570. 14:32I'm like, "You only called because you
571. 14:34saw my bank balance, didn't you?" It
572. 14:37really is a common occurrence, isn't it
573. 14:39?
574. 14:39>> It happens all the time.
575. 14:40>> Ah, I see.
576. 14:41>> Yeah. Something like that.
577. 14:43>> Yes.
578. 14:44>> But having those savings means you
579. 14:46still have money that could be invested
580. 14:48.
581. 14:49>> That's true.
582. 14:50>> If you invest—since Japan's
583. 14:51investment ratio is still low...
584. 14:53>> Yes. ...
585. 14:54>> if people invest, more and more might
586. 14:56become wealthy.
587. 14:57>> That's right.
588. 14:58>> It might increase all at once.
589. 15:00>> It might increase.
590. 15:01>> Yeah. Ah.
591. 15:03>> But you know, the wealthy have their
592. 15:05own problems.
593. 15:06>> Taxes.
594. 15:07>> Exactly, the number one consultation
595. 15:09topic for the wealthy is tax saving. Ah
596. 15:11.
597. 15:11>> That makes sense.
598. 15:12>> And among tax saving, what kind of tax
599. 15:14saving? Inheritance.
600. 15:16>> Oh.
601. 15:16>> Yeah. These tax saving consultations
602. 15:18are the most common.
603. 15:19>> Huh. Ah, so that's how it is.
604. 15:21>> Yeah. What is the top inheritance tax
605. 15:23rate, I wonder?
606. 15:24>> Inheritance tax.
607. 15:25>> Yeah.
608. 15:25>> 45. It's 55. 55.
609. 15:27>> It's 55. Right. More than half.
610. 15:30>> Oh, that's right, that's right. They
611. 15:32have a lot of assets, and that's why
612. 15:34they say wealth disappears after three
613. 15:36generations.
614. 15:37>> Like, more than half is taken, and then
615. 15:38when it's passed on, the next person
616. 15:40loses more than half again, so the
617. 15:42wealth just keeps vanishing, but
618. 15:44preparing for that is tough. Yeah,
619. 15:45that's true. Some people just can't
620. 15:47manage it.
621. 15:49>> Inheritance tax must be paid in cash.
622. 15:52>> Yes.
623. 15:52>> You have to pay the full amount in cash
624. 15:54within 10 months of passing. That’s
625. 15:56really hard.
626. 15:56>> I mean, if you hold your wealth in cash
627. 15:58, you can pay in a lump sum, but most
628. 16:00people don't have it on hand; they have
629. 16:02mostly real estate. You have to pay the
630. 16:04inheritance tax in a single cash
631. 16:06payment within 10 months of passing,
632. 16:07and that’s fine if you have the
633. 16:09wealth in cash, but...
634. 16:10>> Yes.
635. 16:10>> There are so many people who hold it in
636. 16:12real estate.
637. 16:13>> I see.
638. 16:13>> Yeah.
639. 16:14>> That's tough.
640. 16:15>> It's tough.
641. 16:15>> And you can't easily turn real estate
642. 16:17into cash right away.
643. 16:18>> Plus, many people hold real estate as
644. 16:20apartments or rentals, so...
645. 16:22>> Well, if you have tenants...
646. 16:24>> It's difficult, isn't it? Selling it is
647. 16:25also hard, and there are those kinds of
648. 16:27issues. Yes. I see.
649. 16:29>> That’s really tough. It is tough.
650. 16:30Inheritance planning is hard. Yeah.
651. 16:32>> Yeah. I really do get a ton of
652. 16:34consultations from wealthy people about
653. 16:35inheritance planning.
654. 16:36>> Oh, so that really is the case?
655. 16:38>> Yeah.
656. 16:39>> I do.
657. 16:42>> Mr. Sugawara, I think you're in the
658. 16:44wealthy or ultra-wealthy category, so
659. 16:46what kind of measures are you taking?
660. 16:48>> Mr. Sugawara, you reached the
661. 16:50ultra-wealthy level.
662. 16:51>> Well, I handle quite a bit. You have
663. 16:53over 500 million, right?
664. 16:54>> That's right.
665. 16:55>> So, Mr. Sugawara, you're ultra-wealthy.
666. 16:57>> I'm just at the lower end. Oh, among
667. 16:59the ultra-wealthy?
668. 17:00>> No, no, no. You mean around 500 million
669. 17:04? Someone with over 500 million.
670. 17:06>> That's right. Really?
671. 17:07>> You're crawling all over the ground.
672. 17:10>> You'll get yelled at. By the people who
673. 17:12are actually crawling on the ground.
674. 17:14>> No, I*am*taking inheritance measures.
675. 17:16>> Yes.
676. 17:17>> Yeah. To handle my inheritance planning
677. 17:19, I own absolutely no real estate.
678. 17:21>> Oh, right. You did say that.
679. 17:23>> Yeah. I only hold assets in cash.
680. 17:25>> Yes. So I can turn it into cash
681. 17:26immediately.
682. 17:26>> Exactly.
683. 17:27>> Yeah. I mostly hold assets that can be
684. 17:29cashed out immediately, like bank
685. 17:30deposits or brokerage accounts.
686. 17:32>> Yes.
687. 17:32>> Yeah.
688. 17:33>> Oh, I see.
689. 17:34>> People often say that real estate is
690. 17:36good for inheritance tax planning
691. 17:37because it lowers the valuation.
692. 17:39>> Yeah. It works as an inheritance
693. 17:41strategy, but I have a policy of not
694. 17:43leaving any inheritance to my children.
695. 17:45I'll leave my wife enough for living
696. 17:46expenses, but the rest will go to
697. 17:48medical institutions because I've been
698. 17:50helped by medical care. So, to
699. 17:51contribute to medicine, I’ll donate
700. 17:53to medical institutions. So, it will
701. 17:55mostly be donations.
702. 17:56>> And donations aren't subject to
703. 17:58inheritance tax.
704. 17:58>> Yeah. Yeah.
705. 17:59>> Yeah. I'll leave enough for my wife to
706. 18:01live comfortably for the rest of her
707. 18:03life, but
708. 18:03>> I’m leaving nothing to the kids.
709. 18:05>> Actually, this is happening the day
710. 18:06after tomorrow.
711. 18:07>> Oh, finally.
712. 18:08>> Finally, the will.
713. 18:09>> A notarized will, the day after
714. 18:11tomorrow.
715. 18:11>> Amazing.
716. 18:12>> Yeah, the draft is pretty much done.
717. 18:14>> Yeah.
718. 18:14>> That’s already—
719. 18:15>> Yeah, and my wife and kids already know
720. 18:17about it, and I’ve even made it
721. 18:18public like this.
722. 18:19>> Right, you have mentioned it.
723. 18:20>> Yeah.
724. 18:21>> That’s right.
725. 18:22>> Oh.
726. 18:22>> Yeah.
727. 18:22>> So it's finally happening.
728. 18:24>> Finally, yes. Amazing.
729. 18:26>> You know, Mr. Suga. People often
730. 18:28suggest that, and I’m fully aware
731. 18:29that real estate is good for
732. 18:31inheritance tax planning. Yeah. I often
733. 18:33get proposals like that. "You can just
734. 18:36turn it into cash right before you pass
735. 18:37away.""Why not trade real estate and
736. 18:40keep growing your assets?"
737. 18:41>> They say things like that, but
738. 18:43>> You never know when you're going to die
739. 18:44. Yes.
740. 18:45>> That's true.
741. 18:46>> Yeah. I might pass away the moment I
742. 18:48buy a property.
743. 18:48>> That’s certainly possible. So, I keep
744. 18:50my assets in liquid financial products
745. 18:52so that if I die at any time, it's fine
746. 18:54. My inheritance strategy isn't about
747. 18:57dodging taxes, but about ensuring I can
748. 18:59pay them properly when the time comes.
749. 19:01>> Yeah. Oh. That really is different.
750. 19:03>> Yeah. I’ve done a lot of inheritance
751. 19:06work, and when kids rely on their
752. 19:07parents 'money, it’s all over.
753. 19:10>> That’s true.
754. 19:11>> They usually grow up in a strange way,
755. 19:13and once siblings start their own
756. 19:15families, they end up fighting. I
757. 19:17don’t want them to become that kind
758. 19:19of siblings; I want them to stay on
759. 19:20good terms just like they are now.
760. 19:22>> That’s true.
761. 19:22>> I don’t want them fighting over money
762. 19:24. Yeah. That’s why my educational
763. 19:26policy for my children is...
764. 19:28>> Don't give them fish, teach them how to
765. 19:30fish, but don't give them bait.
766. 19:32>> Say that one more time.
767. 19:34>> Give them fish, but don't give them
768. 19:36bait. Teach them how to fish, but don't
769. 19:38give them bait. Teach them how to fish,
770. 19:40but don't give them the fish. Wait,
771. 19:42what?
772. 19:43>> Yeah, exactly, exactly. Even if you
773. 19:45teach them how to fish, the fish...
774. 19:46>> Don't give them fish, just teach them
775. 19:48how to fish, right?
776. 19:48>> Yeah. Look, I never once mentioned bait
777. 19:51. That's about not feeding a fish after
778. 19:54you've caught it. You know the saying,
779. 19:57"don't feed the fish after you've
780. 19:59caught it." Like when you start dating
781. 20:02someone, and once you're dating, you're
782. 20:04satisfied and then...
783. 20:06>> You just ignore them.
784. 20:07>> That’s exactly what Miro-kun does. I
785. 20:10do not. You're so attentive until
786. 20:12you've "caught" them. You’re so
787. 20:15diligent until you start dating, but
788. 20:16then you act like you don't do anything
789. 20:18at all. Pfft.
790. 20:21>> I never mentioned anything about bait.
791. 20:24>> I guess when you hear "fishing," you
792. 20:26automatically think of fish and bait.
793. 20:28>> It's been like that the whole time.
794. 20:29>> Yeah.
795. 20:30>> So, it's about not giving them fish but
796. 20:32teaching them how to fish. That's my
797. 20:33educational philosophy; I want to
798. 20:35provide an environment where they can
799. 20:36earn for themselves and have them earn
800. 20:38properly on their own.
801. 20:39>> Yeah. Well, that's how I've done things
802. 20:41myself. Yeah.
803. 20:42>> Yeah. That's how I hope they do it, too
804. 20:44. Yeah. But even among the wealthy, the
805. 20:47overwhelming majority want to leave
806. 20:48assets to their children. I'm not
807. 20:50denying that at all, I just hope they
808. 20:52don't fight over it, so I suggest
809. 20:54writing a will first.
810. 20:55>> It makes a huge difference whether
811. 20:57there is a will or not.
812. 20:58>> You need to put your true intentions
813. 21:00into the will.
814. 21:01>> Yeah, to reduce taxes, you should
815. 21:03utilize real estate.
816. 21:05>> Or you could set up an asset management
817. 21:07company or a public interest
818. 21:08incorporated foundation; those are some
819. 21:10options. So it depends on the person's
820. 21:12stage in life, but for the
821. 21:14ultra-wealthy, while there is a
822. 21:15tax-saving purpose, they might also set
823. 21:17up a public interest foundation for the
824. 21:20benefit of society.
825. 21:21>> Wow, I see, things like that exist.
826. 21:23>> Yeah. People who run companies might
827. 21:25set up an asset management firm.
828. 21:27>> Yeah. And individuals might utilize
829. 21:29real estate, for example.
830. 21:30>> It just means there are various methods
831. 21:32suited to each person.
832. 21:33>> There really are.
833. 21:34>> Yeah. You'll end up doing that
834. 21:35eventually, too.
835. 21:36>> I suppose so.
836. 21:36>> Yeah.
837. 21:37>> Eventually, I want to get into real
838. 21:38estate.
839. 21:38>> I want to own real estate. Oh, I see.
840. 21:40>> Yes. But when you hear about real
841. 21:41estate, it makes you want to own some,
842. 21:42doesn't it?
843. 21:42>> Yeah, that's exactly right.
844. 21:44>> Yeah. I've almost given in to that
845. 21:45temptation many times.
846. 21:46>> You did collaborate with them before,
847. 21:48didn't you?
848. 21:49>> Right, right, exactly. There are a lot
849. 21:51of people around me who have built
850. 21:52wealth that way.
851. 21:53>> Yeah.
852. 21:53>> Yeah.
853. 21:54>> Real estate feels like a dream, or
854. 21:56rather, it's just really impressive.
855. 21:58>> Yeah. With real estate, the larger the
856. 22:00investment, the higher the chance of
857. 22:02making a profit. Small investments have
858. 22:05a lower chance of success, but good
859. 22:07properties cost a fair amount. However,
860. 22:10those kinds of properties almost always
861. 22:12go up in value.
862. 22:13>> That's true.
863. 22:14>> Yeah, I'm definitely interested in real
864. 22:16estate.
865. 22:16>> Right.
866. 22:17>> Someday.
867. 22:18>> But you can drastically lower the
868. 22:19valuation for inheritance tax purposes.
869. 22:21>> If you combine that with loans, you can
870. 22:23actually lower inheritance taxes to the
871. 22:25absolute minimum.
872. 22:26>> Oh.
873. 22:27>> Lion-san talked about techniques like
874. 22:29that. Lion-san is truly amazing, after
875. 22:32all.
876. 22:33>> Yeah. Yeah.
877. 22:34>> I definitely want you to watch it. It's
878. 22:35interesting. When you listen to him
879. 22:37talk,
880. 22:37>> it makes you want to get into real
881. 22:39estate investing.
882. 22:40>> Yeah. Right. He's built wealth, and it
883. 22:42shows in his character—he’s so
884. 22:44generous and fun to be around. That
885. 22:46Lion-san.
886. 22:48>> He’s a really great guy.
887. 22:51>> A truly good person.
888. 22:52>> A good guy.
889. 22:53>> Yes. There's a video featuring
890. 22:55Sugawara-san, so please be sure to
891. 22:56watch it.
892. 22:57>> I hope you'll check it out.
893. 22:58>> Yes.
894. 22:59>> Yes. So, that is the current situation
895. 23:03in Japan. I think we're seeing a bit of
896. 23:06polarization.
897. 23:06>> But I believe that if more Japanese
898. 23:08people adopt an investment mindset,
899. 23:09they can become more prosperous.
900. 23:11>> I really think so. I hope Japanese
901. 23:14people will utilize NISA more—I
902. 23:16explained the rule changes in another
903. 23:18video—and increase their financial
904. 23:20literacy so they can keep getting
905. 23:22wealthier.
906. 23:24>> Yes. That's true. That's why Japanese
907. 23:26people can't travel abroad right now.
908. 23:28>> Ah.
909. 23:29>> If you go to New York, ramen costs
910. 23:305,000 yen.
911. 23:31>> Well, that's true.
912. 23:32>> Yeah. You can't go.
913. 23:33>> True.
914. 23:34>> Yeah. It's tough.
915. 23:35>> Yeah. It's tough. I want Japanese
916. 23:37people to be wealthy enough to travel.
917. 23:38>> I agree. By investing.
918. 23:40>> Yeah. For that to happen, I really want
919. 23:42the government to change taxes and
920. 23:43social security so that people's
921. 23:45incomes actually go up.
922. 23:46>> Indeed. I’d like to see that change.
923. 23:48>> I’d like to see that change. Yes.
924. 23:50Thank you.
925. 23:50>> Yes. So, I will be giving away a
926. 23:52summary report of today's video content
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937. 24:13happy if you subscribed to the channel.
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952. 24:35Also, if you have any themes or
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955. 24:38comments section and we will pick them
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963. 24:50please check it out. We are also giving
964. 24:52away a free PDF on tax audit measures,
965. 24:55so be sure to get that as well. Well
966. 24:57then, see you in the next video. Thank
967. 24:59you very much. Mr./Ms.
968. 25:01>> Yes.
969. 25:01>> Here is today's bonus question.
970. 25:02>> Oh, that's an interesting question.
971. 25:04>> Yeah.
972. 25:04>> Mr. Sugawara, are you a briefs person
973. 25:06or a boxers person?
974. 25:07>> Mr. Sugawara's underwear situation.
975. 25:10Underwear.
976. 25:10>> Ah, but there are also boxer brief fans
977. 25:12, you know.
978. 25:13>> Boxer brief fans, too.
979. 25:14>> Yeah. Briefs or boxers?
980. 25:16>> Yes.
981. 25:16>> So, what's with the boxer brief fans?
982. 25:18Select one.
983. 25:19>> No, I don't. It's one or the other.
984. 25:21It's one or the other. But that person
985. 25:23probably isn't wearing boxers. I think
986. 25:26it's probably trunks. This person.
987. 25:28>> Oh, do they still have trunks?
988. 25:30>> They do.
989. 25:31>> Oh, really? Isn't it basically all
990. 25:33boxers now?
991. 25:34>> I guess so.
992. 25:35>> Yeah. Miro-kun also, you know,
993. 25:37>> gave me boxers.
994. 25:39>> Pink boxers.
995. 25:40>> They were pink boxers. The pink
996. 25:43>> Wearing the pink boxers, yeah.
997. 25:45>> I ended up spinning in them.
998. 25:47>> That's right.
999. 25:48>> That's right. Oh, that's right.
1000. 25:52>> Here you go.
1001. 25:53>> Yeah, yeah. Yeah, yeah. Wait a second.
1002. 25:58They disappeared.
1003. 26:03>> Nishino-kun, happy birthday.
1004. 26:07>> Thank you very much.
1005. 26:09>> Yes. It's Nishino-kun's birthday.
1006. 26:11>> Amazing. That's right. 2
1007. 26:13>> days later.
1008. 26:14>> It's a boxer brief set. Thank you very
1009. 26:20much.
1010. 26:20>> Amazing.
1011. 26:22>> Uh,
1012. 26:22>> you know, you've taken care of me, it's
1013. 26:24all thanks to Miro-kun.
1014. 26:25>> No, no, no, no, no.
1015. 26:27>> Yes. You know,
1016. 26:31>> well, we're always filming. I'm sorry.
1017. 26:33It got interrupted.
1018. 26:34>> Are you a boxer guy, Suu-san?
1019. 26:36>> Yeah. I'm a boxer guy. Right. Only
1020. 26:39>> two types, for me. Boxers.
1021. 26:40>> Eh, two types of boxers?
1022. 26:42>> Yeah. The ones I got from Miro-kun,
1023. 26:44>> Hysteric Glamour boxer briefs or 7-
1024. 26:46Eleven boxer briefs, it's one or the
1025. 26:48other.
1026. 26:49>> I totally get that. I wear those
1027. 26:52sometimes too. So, Suu-san, yes. Thank
1028. 26:58you very much. There's nothing else
1029. 27:04left.