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As we continue our weekly webinar series, we look to the futures of our two national and financial capitals, London and Tokyo, with Michael Mainelli, Executive Chairman Z/Yen, and Hiroshi Nakaso, Chairman FinCity Tokyo, joining Japan Society chairman, Bill Emmott, in conversation.
Unlike after the bursting of the Japanese bubble in 1990-92 or the financial crisis of 2008, financial services and their great global centres are seen as friends of recovery from the pandemic, not foes. But what might the impact of the pandemic and the move to remote working be on these financial centres themselves? What might Brexit now presage for the City of London and might Tokyo be affected by recent events in Hong Kong? What can and should authorities in Tokyo and London do to promote the capitals’ role for financial services?
Professor Michael Mainelli is Aldermanic Sheriff of the City of London, trustee and emeritus professor of commerce at Gresham College, and executive chairman of the commercial think-tank Z/Yen, which he co-founded in 1994 and which with the associated Long Finance Institute has published the Global Financial Centres Index since 2008. His career has encompassed roles as a research scientist in aerospace & cartography, partner in an accountancy firm and director of Ministry of Defence research. At Z/Yen, Michael's speciality is enhancing the performance of profit-making, charitable and government organisations and investments in conditions of high uncertainty.
Hiroshi Nakaso is Chairman, Daiwa Institute of Research Ltd and Immediate Past Deputy Governor, Bank of Japan (2013-2018). Since 2019 he has served as chairman of FinCity Tokyo, an organization founded by the Tokyo Metropolitan Government and which promotes Tokyo as a global financial centre. In his 39 years at Bank of Japan, during which he was known as a leading internationalist, he served as director of the financial markets department and as executive director for international affairs.
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