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Japan looks to spur investment with step-by-step registration guide

Watchdog hopes handbook for setting up firms brings more players to Tokyo

The FSA has partnered with the Tokyo Metropolitan Government to promote the city as an international financial center. (Photo by Kosaku Mimura)

TOKYO -- Japan's Financial Services Agency is preparing a guidebook on the process of registering an investment firm, hoping to spur market activity and enhance Tokyo's standing as a global financial hub.

There are about 300 investment companies registered in Japan, compared with thousands in the U.S. One reason is that registering in Japan can take a long time, and the procedures are not exactly clear. Prospective registrants have no way of knowing what criteria they need to meet before actually applying.

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