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Komfie Manalo, Opalesque Asia:

Japan has a new guidebook on how to start an investment management business in the country that was created with the Tokyo Metropolitan Government to clarify questions such as what kind of licenses are needed, depending on the business model, target investors, distribution channel, and other issues.

According to Keiichi Aritomo, director and founder of the non-profit Consortium for Japan International Asset Management Center Promotion (JIAM), said that over the past few years, there have been a number of changes and developments on the side of the Japanese regulator - the Financial Services Agency (FSA).

He told participants of the Opalesque 2018 Japan Roundtable, "We have actually made a lot of improvements over the last two years or so, but such improvements are yet to be acknowledged outside Japan. That's one of the things we are trying to do, promoting our environment and in fact also our agency for financial services. Nobody is promoting Japanese financial services industry in the Japan, because the FSA is a supervisor by design."

Also, the Ministry of Economy, Trade and Industry (METI) is promoting a range of industries, except the financial services industry. Aritomo explained that the new JIAM initiative is trying to promote Tokyo as a financial center and is in fact inspired by other financial promotional bodies such as Paris Europlace, Luxembo......................

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