Aso, Deputy Prime Minister and Finance Minister Japan also needs to be prepared to respond as a financial hub August 4, 12:44
With the view that the Hong Kong National Security Maintenance Act will come into effect and more financial institutions will leave Hong Kong, Deputy Prime Minister Aso and the Minister for Finance will act as a “financial hub” for Japan to be selected as the relocation destination. He said that he needed to be prepared and that he should urgently improve the environment.
Following the enforcement of the Hong Kong National Security Maintenance Act, there is a view that financial institutions such as investment funds may move from Hong Kong, where China's involvement is growing, to other countries. ..
In a press conference after the cabinet meeting, Deputy Prime Minister Aso and Minister of Finance said, "Hong Kong as a market in Asia was certainly valuable as a "hub". If so, it's natural to move to other places, and I think that it will move to various places such as Japan and Singapore."
On top of that, the government's bold policy is to set the goal of "aiming to establish an international financial city," and it is stated that "Japan will be prepared to respond with the consciousness of a "financial hub". It is necessary to do so." He said that Japan should urgently improve the environment so that it can be selected as the destination of financial institutions.