Tokyo is set to relaunch a bid to establish itself as Asia’s leading financial centre, according to a report today in the Financial Times. The effort is being spearheaded by Tokyo Governor Yuriko Koike and will call on global investment banks to reverse years of downsizing in Japan.
Appraisal
The process will begin with an appraisal into why Tokyo has proved elusive and will also deal with other well-documented issues including the language barrier, high personal tax rates, arcane regulation and the dominance of the bond market by the Bank of Japan.
Tokyo’s financial scene has evolved into a closed-off Galápagos.
The panel which has ... (read more)