The financial development and promotional bodies in the European state and Japanese metropolis have agreed to cooperate on areas including knowledge exchange and a "central focus" on decarbonisation.

Tokyo and Luxembourg have agreed to co-operate more closely against a volatile geopolitical background, digital transformation in financial services and capital needs for decarbonisation. 

The financial development and promotional agencies for Luxembourg and Tokyo have signed a memorandum of understanding. It was signed in late April by Hiroshi Nakaso (right in the photo), chairman of FinCity.Tokyo, and Tom Théobald (left in the photo), CEO of Luxembourg for Finance. The signing took place during SusHi Tech Tokyo 2026, a startup conference.

The agreement establishes a framework for closer cooperation in financial promotion activities, including joint events, bilateral visits, and knowledge exchange. 

The pact is between Japan’s high concentration financial institutions, technology firms, investment firms and startups, and Luxembourg’s cross-border fund distribution, banking and investment capabilities.

The cooperation will have a “central focus” on using capital to achieve a reduction in carbon emissions to fit with Net Zero ambitions, a statement from the organisations said.