Osaka is the second-largest city in Japan after Tokyo, which was, for a long time – until this year, the most populous city in the world – having lost the title this year to Jakarta, Indonesia.
The “Vision of Global Financial City Osaka” is an initiative to build a city that attracts overseas investment, financial institutions and global talent, thereby supporting the growth of the regional economy.
In March 2022, Osaka Prefecture formulated a strategy with a consortium of 33 companies and organizations – including government bodies, economic groups, and universities – launching the initiative through close collaboration among industry, government, and academia.
The initiative promotes the expansion into Osaka of foreign financial businesses including asset management and fintech firms. The defining feature of the vision is its aim to drive industrial growth and address social issues through the power of finance, rather than simply seeking to establish a financial hub. [Read more…] about From expo momentum to deep-tech investment: Osaka pushes to become Asia’s next global financial hub