Dividend payments tip Japan funds into the red

The Japanese funds industry is going to pay about ¥4 trillion ($50 billion) this fiscal year (ending March) in the form of dividend payments, the same amount it paid for FY2011 – obligations that mean net cash outflows for some providers. Sadayuki Horie, managing director at Nomura Research Institute in Tokyo, says the top-line outlook for industry inflows looks rosy. NRI’s research suggests the next five years should see the investment trust industry and other risk-bearing prod…