Financial Services Agency in Japan (FSA) announced on April 16 that all registration processes of UK asset management company has been completed only in English.
It was difficult for a non-Japanese company to complete all registration processes in Japanese ranging from pre-application consultation and registration to supervision after the registration. In order to be a global financial center in Asia, FSA set up Financial Market Entry Office designating handling all registration processes only in English.
According to their Japanese page, AI is also used for interpretation and translation purpose, thus, it is desirable to seek for Japanese professionals’ help. However, the English only registration procedure is a complete game changer for entering Japanese financial market.