Japanese Prime Minister Kishida to allow entry of foreign asset management companies into the domestic market

Yesterday’s headlines on this subject are here:

Details were slowly revealed before Kishida’s announcement, adding some information now via Nikkei:

• Japanese Prime Minister Fumio Kishida is scheduled to speak at the Economic Club of New York on Thursday.
• He will urge investors to “evaluate what we are doing in my country, examine the underlying strength of our economy and our plans for the future, and then invest in Japan.”
• will seek to attract fund managers and other foreign professionals
• Kishida pledges country to ‘carry out structural reforms decisively’ to attract foreign asset managers