Japan to Open Entry Office for Foreign Firms to Rival Hong Kong
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Japan is creating an office to make it easier for foreign asset managers to enter the country, part of its bid to challenge Hong Kong as Asia’s main financial hub.
The Financial Services Agency and local bureaus will establish a financial market entry office in January that handles registration and supervision in English for incoming asset management firms, the regulator said Friday. Japan has been known for its largely non-English language working environment, which is seen as an obstacle to luring foreign companies.