So, so why is Tokyo procrastinating? After all, there is every chance to appropriate the status of the financial center of Asia at least. In fact, there are more than enough barriers for this. Take only the language barrier. How many users speak Japanese? And the Japanese – in English? And high taxes, strict regulation. And the bond market with the unquestioning dominance of the Bank of Japan. This alone is more than enough to prevent the achievement of such an ambitious goal.
But ambitions remain. And the problems don’t seem so insurmountable. So a special committee has already been created, and it will begin to work this week. The first results of his work are expected only in six months.
The idea that Japan’s liquid markets can turn Tokyo into an international financial center appeals to the Japanese. Investors are also interested. And although all previous attempts failed, but this time, it seems, all conditions favor this.
The West is going through difficult times. London is becoming less promising. United States? After Donald Trump’s victory… But Tokyo is thriving. True, some large international companies have reduced their presence in the Japanese market, due to the fact that it is extremely difficult to meet all the requirements. In response, the prime minister reduced taxes on corporate income. True, in order to achieve the goal, it is necessary to reduce the tax by at least another 10%, and this will be one of the issues that will be discussed at the meeting.
