The study, authored by economist Clare McAndrew, also reveals that Japanese collectors buy far less at art fairs or online than the global average

This month 70 galleries will gather at Pacifico Yokohama, hoping to access Japan’s “incredible domestic wealth”

Second edition comes as Tokyo attempts to regain its lost status as an international art hub amid a booming contemporary market and a forthcoming fair

Can reforms to Japan’s onerous tax system allow Tokyo to replace Hong Kong as the leading art trade hub in Asia, as it was during the “bubble period” of the late 1980s?