TOKYO -- Japan's dream of turning Tokyo into a new hub of international finance is fading, even as Hong Kong hedge funds scramble to find a new home in Asia.
Japan's weak tax reform results in missed opportunity

Many hedge funds would move to Tokyo, left, from Hong Kong if Japan's tax system was not so burdensome. (Source photos by Kai Fujii and Kenji Kawase)
TOKYO -- Japan's dream of turning Tokyo into a new hub of international finance is fading, even as Hong Kong hedge funds scramble to find a new home in Asia.