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Business

Tokyo's brokerage district looks to fintech for fresh start

With the stock dealers' association eyeing a move, Kabutocho ponders its future

Kabutocho, long known as Tokyo's brokerage district, has seen a growing exodus of financial industry players since the stock market bubble popped in the early 1990s.

TOKYO -- Tokyo's Kabutocho district, home to the Tokyo Stock Exchange and many brokerages, is trying to attract fintech companies and startups as it faces the prospect that the stock dealers association may leave the area.

The Japan Securities Dealers Association is considering moving out as early as next year. JSDA hopes to establish a committee made up of brokerage executives and others this month to discuss where to move and how to pay for it. Tokyo's Nihombashi and Hacchobori districts are cited as candidates.

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