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It may be a little early to write the obituary for Japan’s IR policy, but additional evidence was presented this past week about what could already be described as the biggest flaw in the design of Japan’s IR regulation—the short periods that IR licenses will be valid.
Japan’s bid to create a world-beating IR market is hanging in the balance after a series of high-profile exits and political mismanagement.
The possibility that Japan might legalize sports betting for popular sports like professional baseball and soccer exploded into the public view on Wednesday with a scoop carried in the Financial Times.
Nagasaki’s IR licensing bid has now gained something that it never had before—a political patron at the very top of Japan’s government.