Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP
Japan’s bid to compete with Hong Kong as finance hub faces taxing problem
- Top bankers would have to hand over half their earnings to the taxman in Tokyo, making Japan a far less appealing destination than Hong Kong
- And while some foreigners may be willing to give Tokyo a go given Hong Kong’s issues, there may not be enough jobs for them, one observer says
Topic |
Japan
Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP