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Fledgling Japanese fintech sector needs to 'design for global use'

Introspective goals holding Tokyo back from becoming global hub

Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group, speaks at the Fin/Sum Week 2017 forum in Tokyo on Sept. 19.

TOKYO -- For a country with such a strong reputation for advanced technology, Japan has lagged far behind its global peers when it comes to applying it to financial services.

Both the national and metropolitan governments have now embarked on an aggressive push to make Tokyo a global financial hub to compete with New York and London. But it is at grass-roots level that some of the most visible developments have been made in the country's emerging fintech sector. 

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