FOCUS: Race to boost financial hub status intensifies among Japan cities

Competition is heating up among three major Japanese cities to invite foreign companies as Prime Minister Yoshihide Suga aims to make Japan an international financial hub.The idea to boost Japan’s standing as a financial hub is not new, but China’s imposition of a national security law and tightening of its grip on semiautonomous Hong Kong, an Asian financial hub, is injecting new momentum into the drive. In addition to Tokyo, Osaka and Fukuoka have emerged as candidates for financial centers.Tokyo is stepping up its campaign to invite foreign financial institutions to the Japanese capital wit…

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