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Tokyo may have a chance to realize a long-held dream of becoming a global financial hub if it can attract people fleeing a Chinese clampdown on Hong Kong, according to a senior Liberal Democratic Party lawmaker.

The LDP began debating details Wednesday about making the capital more attractive to international firms, a day after China’s government asserted broad new powers over Hong Kong with a national security law that risks endangering the city’s appeal as a global business hub.

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