English-speaking team to help foreign funds

NHK has learned that the Japanese government is preparing to set up an English-speaking team in its financial authority to help foreign funds establish bases in the country. The move is in line with a push by the government for the establishment of an international financial hub in Japan.

The Financial Services Agency plans to have a team of about 10 members in place as early as January. It would provide consultations and help the funds with the filing of various applications.

The agency also plans to commission the team to oversee the funds after their bases open.

The government has been trying to lure more financial institutions and human resources to Japan.

The move coincides with the introduction of a national security law in Hong Kong, which could threaten that city's status as a global financial capital.