Tokyo used to be one of the biggest global financial centers rivaling New York and London. Now, being far behind Hong Kong and Singapore, Tokyo Metropolitan Government (TMG) aims to return as a top global financial center. In its attempt to once again become a global financial city, TMG appears to be willing to accommodate demands from foreign financial players.
In June 2017, TMG released the interim report on the “Global Financial City Tokyo” Initiatives (the Initiatives). While discussions are currently ongoing to determine specific policies or measures to be included in the Initiatives, below are key items that are proposed in the interim report. TMG widely solicits ideas on how to revitalize Tokyo’s financial city function and restore its shine as a global financial center.
For more information on the Initiatives, please read our GT Alert, “The ‘Global Financial City Tokyo’ Initiatives.”