Japan is seeking to lure more overseas financial institutions to set up business in the country, and focusing on locations away from its megacities.
The majority of Japanese institutions are based in Tokyo and Osaka, and both are on the east coast of the island of Honshu. With an awareness of the risks of natural disasters, some companies are cautious about concentrating operations in one area, and are looking to move their secondary and back-up offices further away from the area.
