Analysis
![Tokyo’s global ambition](https://images.squarespace-cdn.com/content/v1/607d8497a13d08033aa95bae/1713242576915-ANX10V4XLM90BLMWEG4E/article+icon+3.jpeg)
Tokyo’s global ambition
Japan has been making concerted efforts to position Tokyo as a preeminent international financial centre over the past six years, and implemented a range of measures to woo the international investment community. The recent surge of foreign investments into its stock markets, supported by favourable macroeconomic conditions, has boosted Tokyo’s ambition.
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New Zealand punches above its weight
New Zealand’s asset management industry has been punching above its weight in collaboration with the government despite its remote geographical location and its small population of just over five million. One of its firms recently became the first to be approved to distribute funds across borders under the Asia Region Funds Passport scheme.
![Tokyo’s bid to become a global financial centre](https://images.squarespace-cdn.com/content/v1/607d8497a13d08033aa95bae/1619966326081-VGEBYNRLLODOOSUAF5J5/40F0535F-0A4A-43EC-9F3D-FB6DDA46DD3B.jpeg)
Tokyo’s bid to become a global financial centre
Japan has implemented a package of incentives to lure foreign fund houses to move to Tokyo, taking a big step forward on its plan to replace Hong Kong as Asia’s premier international financial centre. Despite these initiatives and Japan’s overall economic and other strengths, there are some intrinsic shortcomings that work against its plan.