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Japan's rich embrace family offices amid market boom and weak yen

TOKYO -- Family offices are on the rise in Japan as business owners and their families seek a one-stop solution to concerns ranging from protecting family assets from inflation to tax planning.

Deloitte Tohmatsu launched family office services in Japan this month. That move was followed by department store chain Takashimaya's acquisition of Japanese wealth management startup Vaste Culture, which offers services including family offices and philanthropy.