Prime Minister Fumio Kishida set out plans to attract more asset managers to Japan that include increased services in English and cuts to red tape, even as Tokyo slipped out of the top 20 in a ranking of the world’s top financial centers. In a speech in New York, Kishida said funds under management in the country had ballooned by 50% over the past three years to about ¥800 trillion ($5.4 trillion). The government will aim to sweep away “unique business practices” and other barriers to entry, to encourage “sophisticated asset management,” he said. Tokyo has long sought to revive its status as one of the world’s most ... (full story)