Osaka has launched a ground-breaking tax incentive program to attract foreign financial companies, marking a significant step in its efforts to become a global financial hub.

This Subsidy Program offers a helping hand to FinTech-related businesses that are considering establishing their base in Osaka.

On 29 October, the Delegation of the European Union to Japan hosted a public event co-organised with the EU-Japan Centre with the support of the EU-Japan Green Alliance Facility on green bonds and financial institutions in this evolving landscape.

Japan’s fintech market is estimated at JPY1,210 billion (USD 12 billion), which is still very small compared to markets such as that of the US (USD 4 trillion). However, it has been showing constant growth. From 2017, a CAGR of nearly 70% is estimated towards 2022. FinCity.Tokyo, as a public-private agency established to promote Tokyo as a global financial hub, would be delighted to support EU firms to connect with Japan’s ecosystem.

Climate change and its associated natural disasters pose significant financial risks to economies around the world. As a result, central banks are increasingly being called upon to integrate environmental issues into their policies.