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.
Sunday, October 3, 2010
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