Prime Minister Kishida “accelerates establishment” of special asset management zones at Morgan S investor event

Prime Minister Fumio Kishida indicated his intention to accelerate the establishment of “special finance/asset management zones” that the government is considering at a conference for global institutional investors held by US Morgan Stanley (MS.N), opens new tab in Tokyo on the 22nd. Next week, we will meet with 4 cities that are candidates for special zones, and the plan will be concretized.
According to Prime Minister Kishida, functions will be further enhanced for asset owners (funders) of corporate pension funds, insurance companies, school corporations, etc. Action policies aimed at strengthening management capabilities will be disclosed to public asset owners such as pension reserve fund management and operation independent administrative agencies (GPIF) and mutual aid associations after announcing the code of conduct “asset owner principles” that the government will also formulate in the summer.