Japan’s Kishida to Reform Asset Management to Lure Foreign Investors
- Kishida is first PM to speak at securities event in 29 years
- Attempts at luring global investors has seen limited success
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Japan must enhance the way assets are managed to encourage foreign investors to help prompt a long-awaited shift among households from savings to assets, Prime Minister Fumio Kishida said.
Improvements are needed for corporate governance, lowering entry barriers and boosting asset classes as foreign investors show a rising interest in Japan, Kishida said at an event of brokerage firms on Monday. He was the first premier to attend the event in 29 years, and his remarks kicked off a promotional campaign by the government to try and sell Japan as a key international financial center.