Proponents of an Asia-wide fund distribution regime cheered at the prospects of scaling the Asia Region Funds Passport (ARFP), following a landmark inclusion of Japan during the recent Asia-Pacific Economic Cooperation (APEC) meeting in Cebu, Philippines. Isshu Sugawara, Japan’s state minister of finance, signed a statement of understanding (SOU) on the ARFP last Friday. He was joined by the finance…

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