Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP
Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP
Japan

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 Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP
Pedestrians walk past a board displaying stock prices on the Tokyo Stock Exchange. Photo: AFP
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