Japan's FSA takes aim at language barrier

Japan's Financial Services Agency is trying to make it easier for foreign investment funds to set up shop in the country. It's launched an English-speaking team of experts to help navigate the language barriers.

The team got down to work Tuesday after a ceremony with Financial Services Minister Aso Taro.

The members will help foreign firms with everything from providing consultations and accepting filings to screening documents and overseeing operations.

It's all part of the government's push to turn Japan into Asia's leading financial hub.

The government is also looking at lowering corporate, income and inheritance taxes, which are higher than in other major economies.