Japan faces steep climb to reach financial centre hopes
Tax reform is part of the Suga administration's latest moves to lure financial firms away from Hong Kong, but it will still be a long way to build itself as a global financial centre.
Japan is proving to be one of the most aggressive nations to try and take advantage of a potential weakening in investor confidence in Hong Kong as an international financial centre, followingcontroversial political interventions from Beijing. However, Tokyo faces a tall order in persuading investment porfessionals to shift to the northeastern Asia country, courtesy of stiff taxes and a lack of English language.
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