“TEAM FUKUOKA,” a public-private-academic partnership promoting the International Financial City concept in Fukuoka, announced its bid for the government’s “Asset Management Special Zone” on the 13th. Fukuoka Prefecture and City are jointly developing strategies, with TEAM FUKUOKA highlighting its success in attracting 23 companies since its establishment in September 2020. Governor Seitaro Hattori, after a general meeting, mentioned collaboration with Fukuoka City to develop concrete measures. The bid faces competition from Osaka Prefecture, which is considering candidacy and has enacted ordinances to reduce local taxes for foreign financial firms. TEAM FUKUOKA’s Chairman, Sumio Kuratomi, cited the region’s growing attractiveness to companies, referencing TSMC’s expansion and Kyushu’s accessibility. Source: Nikkei
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