Japan Aims to Transform Tokyo into a Major Financial Hub, Attracting Global Interest
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#c0b3be2f ver:0.07
Japan is attracting more interest from foreign asset managers as the government aims to transform Tokyo into a major financial hub . The commitment to change Japan's image is supported by Prime Minister Fumio Kishida and his administration. Tokyo currently ranks 19th in the Global Financial Centres Index, behind Singapore and Hong Kong. However, the country is accelerating efforts to remove language barriers and enhance its appeal. Confidence is growing that Japan's economy is exiting decades of price declines and subdued growth. The Bank of Japan recently ended negative interest rates, and the government has pledged to promote corporate governance reforms and investing by households. The Financial Services Agency is not currently considering regulatory changes for payment services and is ...
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