Japan scorns the rich but wants to be global financial hub

Coronavirus amplifies pushback against proposals favoring banking sector

20200807N Tokyo

Tokyo faces many obstacles as it seeks to remake itself as a global financial hub. © Reuters

TAKASHI TSUJI and RIEKO MIKI, Nikkei staff writers

TOKYO -- "Never die in Japan" is a common warning given by financial professionals unhappy about the country's onerous tax code.

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