Kishida Pitches Tokyo as Asia's Next Financial Hub in Speech to New York Economic Club
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Japanese PM Fumio Kishida to promote Tokyo as a financial hub rivaling Hong Kong and Singapore in a speech to the Economic Club of New York.
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Kishida to highlight economic reforms like corporate governance, labor mobility, and support for women and foreign workers.
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Some experts skeptical due to failure of past campaigns to transform Tokyo into a regional financial center.
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Obstacles include high taxes in Japan compared to Hong Kong and Singapore and insular financial sector.
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Other analysts more positive, citing gradual reforms, economic upturn in Japan, and increased foreign interest as reasons Tokyo may attract more financial firms.