FRANKFURT/TOKYO -- Japan is struggling to place more women on corporate boards even as Europe and Asian hubs like Hong Kong make progress, dealing a potential blow to Tokyo's ambition to become a center of global finance.
Lack of diversity at top threatens to drive away ESG-focused investors

Women make up 12.6% of board seats in Japan -- significantly less than in other developed economies. (Photo by Nozomu Ogawa)
FRANKFURT/TOKYO -- Japan is struggling to place more women on corporate boards even as Europe and Asian hubs like Hong Kong make progress, dealing a potential blow to Tokyo's ambition to become a center of global finance.