JAPAN PLANNING TO SHIFT ITS FINANCIAL HUB FROM TOKYO TO OSAKA AND FUKUOKA INSTEAD

Highlights –

• Japan planning to shift its financial hub from Tokyo to Osaka and Fukuoka instead.
• The government is hoping to do so after the coronavirus pandemic calms down.
• The government plans to set up consultation services in the prefectures for foreign institutions.
• The government wishes to allocate $474,000 in a state budget for fiscal 2021 from April.