Statement on welcoming the Government’s initiative of “Strengthening Japan’s functions as a global financial center

The EBC Asset Management Committee welcomes the Japanese Government’s effort of initiating “Strengthening Japan’s functions as a global financial center” plans. This was announced by Prime Minister Suga in his first policy speech at the Diet in October 2020.

In this initiative, it is emphasised to promote new entries of foreign asset management companies (“foreign AMs”) and, to support this, the Financial Services Agency (“FSA”) and Local Finance Bureaus (“LFBs”) are establishing the “Financial Market Entry Office”.