As many of you know, NY and London are considered the worlds most important financial markets which makes sense given the talent in place, multiculturalism, and rule of law. They both also happen to be Alpha world cities.
In Asia, Tokyo as a city is often in the big four with NY, London, and Paris as the most world class cities. However, as a financial center, I think it’s pretty accepted that Hong Kong and Singapore are the financial centers of Asia. So why didn’t Tokyo become the big guy in Asia from the finance perspective?
It could be speculation that less acceptance of multiculturalism and expats or less use of English language are contributing factors.
by [deleted]