Tokyo slips to 4th place in global financial hub ranking: report

Tokyo has slipped one notch to fourth in the latest ranking of the world’s leading financial hubs, with Shanghai now rounding up the top three after New York and London, according to a report.Hong Kong moved up a place to rank fifth and Singapore fell one notch to sixth in the Global Financial Centers Index from London-based think tank Z/Yen Group and the China Development Institute in Shenzhen, southern China.The slip in Tokyo’s ranking as of September came ahead of a full-day trading suspension at the Tokyo Stock Exchange on Thursday after a glitch in its electronic trading system caused the…

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