Mizuho Financial Group $8411.T and Rakuten Group $4755.T have initiated a joint venture aimed at capturing a significant share of Japan’s growing asset management market. The partnership, through their newly established entity, Mirai Wealth Partners, has set an ambitious target of attracting 50 billion yen (approximately $357 million) in client assets within its first five years of operation. This strategic move comes in response to rising demand for investment services amid ongoing economic shifts and inflationary pressures.