London Calling: Japan to Create its Own Version of Canary Wharf

June 2, 2007 at 3:51 pm Leave a comment

Yuji Yamamoto, Japan’s State Minister in Charge of Financial Services, recently told the American Chamber of Commerce that he wants to attract more international business by increasing the competitiveness of Tokyo’s financial services industry.

images.jpg

In particular, Yamamoto would like to see Japan create its own version of London’s Canary Wharf. In the 1800s, Canary Wharf, located in the Isle of Dogs, was one of the world’s busiest docks, but it fell into disrepair after World War II. Renovation took several decades, but today the location is a powerful, international financial hub that houses the HSBC Tower, Citigroup Centre headquarters, Barclays, Bank of America, and Morgan Stanley among many others, and employs more than 90,000 people.

According to The International Herald Tribune, Yamamoto’s Japanese version of Canary Wharf would be located along the Sumida River and include the Nihonbashi District. Yamamoto would like “more banks, hedge funds and financial institutions to set up their Asian headquarters in central Tokyo” in a cluster.

This is excellent news for U.S. companies looking to do business in Japan. Hedge funds (so-named because market risks are “hedged”) within pools of private investment capitol can allow faster and more efficient liquidity between different countries and will benefit both the Japanese and U.S. markets. Add this to February’s telecommunications agreement between the U.S. and Japan, and it seems that business between the two countries keeps getting smoother and smoother!

We’ll keep you posted…

Sarah S.

—————————————————————————
Thinking of doing business in Japan? We can make it easy for you!

JPBizDirect, a Los Angeles based company, provides practical solutions for U.S. – Japan business projects. Our experienced Japanese staff will support all phases of your business project to seize business opportunities and turn your vision into a reality. >> Learn more
—————————————————————————

Advertisements

Entry filed under: Japanese Business.

Comic Books Aren’t Just for Kids Beauty is in the Heart of the Drug Store

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


japanizmo
facebookiconr
riseup japan support japan and be cool

Categories

June 2007
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  

Feeds