Japanese government should create a special district in Tokyo Bay area. This district's features are as follows:
Name: New Tokyo Special District
Public Language: English
Currency: Japanese Yen (since JPY is already a global currency)
Mayor: Independent mayor for this special district
Law and Regulations: Basically Japan's existing laws are applied to this area, but less restrict regulation for financial industry and import/export.
Corporate tax: Low and competitive compared to Singapore and Hong Kong
People who can take risk and want to live in international and free environment will come to this area.
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