Japan considers Tokyo, Osaka, others for English-only finance zones

Sapporo, Fukuoka also candidates to attract overseas asset managers

20230927 Tokyo Japanese Yen

Japanese Prime Minister Fumio Kishida wants Japan to become an asset management powerhouse by creating special business zones attractive to foreign asset management companies. (NIKKEI montage/Source photos by Reuters and Getty)

Nikkei staff writers

TOKYO -- Japan will weigh up four municipalities -- Tokyo, Osaka, Fukuoka prefecture and Sapporo city -- as candidates for special business zones that Prime Minister Fumio Kishida wants to use to lure foreign asset management companies to open for business, Nikkei has learned.

Last week, Kishida expressed his idea of making Japan an asset management powerhouse through the creation of special business zones in a speech to investors at the Economic Club of New York.

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