The objectives of this whitepaper
Since the deliberation and announcement of the vision of Tokyo as a Global Financial Center (GFC) in November 2017 by the Tokyo Metropolitan Government (TMG), measures such as the establishment of FinCity.Tokyo, the international promotional body for Tokyo, and the “Tokyo Financial Award” have been implemented.
However, Tokyo’s position in the Global Financial Center Index by Z/Yen Group announced in September 2019 regressed to 6th from 5th which was where Tokyo was at the time of the creation of the GFC vision.
It is necessary for Tokyo to regularly assess its position in its journey towards delivering the vision, to share it among stakeholders and also to record it.
This paper attempts to capture the state of play of the ecosystem of the asset management industry which has been identified as an important pillar of the GFC vision including the development of the emerging asset managers and address the issues and challenges.
About the data
In order to secure specificity and objectivity, this paper attempts to capture opinions by market players with different perspectives to present the state of the asset management industry ecosystem in Tokyo as of October 2019.
The data and opinions have been gathered through overseas roadshows, one-to-one meetings, roundtables, seminars both in Japan and abroad and industry surveys which were carried out by the Consortium for Japan International Asset Management Center Promotion (JIAM) over the last 3 years.
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