BullionVault's award-winning gold trading platform has been launched to Japanese investors by Bullion Japan, a subsidiary of Tokyo-based independent investment bank Dragoon Capital.
Starting with physical gold stored in Zurich, Switzerland, this new project – Bullion Japan – enables users to trade vaulted bullion directly for Japanese Yen live online for the first time ever, according to Dragoon.
Says Shuichi Uda, CEO of Dragoon in Tokyo. says: "Demand from Japanese investors for alternative assets is growing, and we know our clients are increasingly anxious about the long-term financial risks in Abenomics, QE and zero interest rates. We'd like to give them easier access to the physical gold market."
Launched 10 years ago this month, BullionVault has always accepted Dollars, Euros and Sterling for gold and silver trading, eliminating a major dealing cost for Eurozone and UK customers wanting to buy or sell physical bullion.
Yen-denominated trading now allows Japanese investors to reduce exchange-rate risks and costs as well. Using BullionVault's live P2P exchange online also lets users benefit from nearly the same low commission rates as those paid by institutional investors.
"The Bank of Japan is now creating money faster than even Tokyo can borrow it," says Atsuko Whitehouse, head of Japanese market at BullionVault in London. "Japanese savers have been remarkably patient so far.
"People buy gold when they fear a sharp loss of value in currency or other mainstream investments. Gold priced in Yen has risen in 13 of the 15 years since Japan began QE and zero rates."