Tokyo brokerage location is looking forward to financial technology companies to help boost


nn(Kabutocho) is the seat of the Tokyo Stock Exchange and many securities brokers. But since the bubble economy broke out in the early 1990s, the region began a long period of decline. So far, the number of brokers in the region has become increasingly scarce, for security issues, the recent Japanese Securities Industry Association (JSDA) is also considering the headquarters moved out of the area. And to revitalize the region’s financial center status, is currently re-development of the region, and trying to attract financial technology companies settled, homeopathic to promote the development of the entire financial industry.n
nTranslation: Clovern
Tokyo – Tokyo Kabutocho is home to the Tokyo Stock Exchange and numerous securities brokers, and the region is currently facing the possibility of the Securities Dealers Association moving out of the area and is therefore trying to attract financial technology companies and start-ups The arrival of the enterprise.n
The Japan Securities Industry Association (JSDA) is considering moving out of the area as early as next year. JSDA hopes to set up a committee of broker executives and other people this month to discuss the location of the relocation and the payment method. Tokyo’s Nihombashi and Hacchobori areas are listed as candidates.n
The Tokyo Shoken Kaikan Building, where the JSDA office is located, has been around for 51 years, and has recently questioned whether the building could provide adequate shock and safety. Because the system in the building needs to deal with the reference price of off-exchange bond trading, security is one of the most pressing problems facing it.n
At present, there is no building near the bridge or near the area to meet the requirements of JSDA. Heiwa Real Estate, owner of the TSE Mansion, is re-developing some parts of the area, but the Tokyo Securities Center will not be completed until March 2021. The progress of the re-development also lags behind the scheduled plan, which prompted JSDA to consider relocation.n
The relocation costs will be provided by the Headquarters Relocation Fund, formerly known as the Securities Market Infrastructure Reinforcement Fund, which was established in 2006. The fund is contributed by the broker from the profit made by Mizuho Securities at the time when the labor dispatch company J-Com (now renamed as Co.) debuted the market.n
Fifty brokerage firms donated more than 20 billion yen ($ 179 million) to the fund. At present, the fund has been set up for ten years, but the fund still has more than 100 billion yen.n
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Nearby arean
If JSDA moved out of the area, the Stock Exchange was one of the few financial industry participants retained in the Qiaodouchou area. The rise of online brokers forced many small coupons in the region to close out.n
Among the members of the association, only 13 brokers (including the East Securities) will be headquartered in the bridge and the town of Maotian Town, only 8% of all members of the Tokyo area.n
Dealers face the relocation plan for JSDA. An executive at a second-tier company said that there were many brokers after the merger of small shops in the Qiaodou district. The executive said he was still in love with the Kawabata area, but even if the redevelopment was completed, his company would not move back.n
An online brokerage executive said the bridgehead area as TSE’s location will continue to have this symbolic significance, but his company’s presence lies in the majority of companies fled the area.n
Efforts are being made to develop new businesses in the region. Mitsubishi UFJ Financial Group has established the MUFG Digital Accelerator (an accelerator program for financial technology start-ups) in the Qiaodou area. We can see from time to time in the office there are young entrepreneurs working all night. The second phase of the program is now over and some start-up companies are working with a division of Mitsubishi UFJ.n
Tokyo Metropolitan Office is also trying to attract companies such as asset management companies to the vicinity of the bridge and the nearby area under the Global Financial City program.n
Known as Japan’s “father of capitalism” Eiichi Shibusawa (Eiichi Shibusawa) to help the bridge pocket town area transformation has become Japan’s financial center. Since the outbreak of the bubble economy in the early 1990s, the region began a long period of decline, and in the former brokerage site there have been many apartment complex.n
If the re-development of the region to attract financial technology companies and other start-ups, then the entire financial industry will be homeopathic to be driven.n

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