TOKYO -- Plans to boost Tokyo's status as an international financial center moved forward Friday with a draft proposal from the ruling party, but attracting Hong Kong talent looking to leave the territory may prove to be a challenge.
"It's important for us to revive Tokyo as a finance center," said Seiji Kihara, a member of the Liberal Democratic Party's economic growth strategy group that outlined the plan. The recommendations include relaxing banking regulations and encouraging greater focus on environmental, social and governance factors.
