• Bloomberg


The government picked two areas Friday in central Tokyo for development, seeking to revive the capital’s attractiveness as a financial hub and fight off competition from Asian rivals Hong Kong and Singapore.

Developers will get tax breaks for projects in a 320-hectare area near Tokyo Station and a 590-hectare zone that includes the upscale Roppongi and Akasaka districts in Minato Ward, the government said in a statement.

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