The Panel for Vitalizing Financial and Capital Markets has published its report called Recommendations for Vitalizing Financial and Capital Markets. The report sets out an ambitious framework of reforms including using the financial assets by households and public pensions to fund growing business; realizing the growth potential in Asian; strengthening corporate competitiveness and promoting entrepreneurship; and developing human resources and developing a better business environment.

There are many suggested reforms from changing public pension scheme investments; establishing a Comprehensive Exchange; a simplification of the Tokyo Pro-Bond Market; and to encourage investment from foreign companies in Japan.

The report will be a key part of the delivery of the ‘third arrow’ of the Abe Administration and suggests setting a goal of 2020 (to coincide with the Tokyo Olympics) to establish Tokyo as a leading international financial centre and becoming the number one centre in Asia.

http://www.fsa.go.jp/en/refer/councils/vitalizing/20131213.html