Tokyo to Submit Proposal for FSA’s “Special Zones for Finance and Asset Management Businesses” Initiative

The Tokyo Metropolitan Government (TMG) is preparing to submit a proposal for the Financial Services Agency's (FSA) “Special Zones for Finance and Asset Management Businesses” initiative, a move aimed at strengthening Tokyo's status as a global financial center. This proposal aligns with TMG's “Global Financial City: Tokyo” Vision 2. 0, which focuses on capitalizing on the city's leading financial markets and abundant personal finance assets. The proposal includes 16 specific items aimed at deregulation, categorized into three main themes: sustainable finance, support for startups, and conducting business in English. Notably, it proposes the deregulation of investment management for professional investors and offers preferential treatment for infrastructure fund investments.

Additionally, it seeks to ease restrictions on banking groups investing in startups, thereby fostering innovation. The initiative also emphasizes the importance of expanding English-language procedures and information disclosures to attract global businesses. By submitting this proposal, TMG aims to position Tokyo as a key player in the Asian financial landscape, ultimately contributing to a sustainable society. This proactive approach reflects the city's commitment to enhancing its financial ecosystem and fostering international collaboration.