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INTERNATIONAL > East Asia & Pacific

English-speaking team to be set up ahead of establishment of international financial hub

  • November 6, 2020
  • , NHK
  • JMH Summary

NHK reported that Finance Minister Aso officially announced today that the Financial Services Agency, the Kanto Local Finance Bureau, and other entities will jointly set up an English-speaking team in January to help foreign funds establish bases in Japan in light of the government’s plan to launch an international financial hub. The network said members of the team will be tasked with consulting with and assisting foreign funds in the filing of applications as well as overseeing the funds after their bases have been established in Japan. The network said that in light of the new national security law in Hong Kong, Japan expects that financial institutions and personnel will move out of the city. Aso reportedly told the press today: “In view of Japan’s position in international financial circles and the situation in Hong Kong, striving to attract the financial institutions and personnel that had been concentrated in Hong Kong to Japan will be very significant for the Japanese economy as a whole.”

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