Exchange Outage Is Latest Blow to Tokyo’s Financial Hub Dreams
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The unprecedented outage that scrapped trading on the Tokyo Stock Exchange for the entire day Thursday is the last thing local authorities need at a time when Japan is seeking to reinvent the capital as a global financial hub.
As China clamps down further on Hong Kong, some in Japan have seen the opportunity to realize a long-held vision of making the Japanese capital more attractive to international financial firms and lure highly paid professionals.