Asia's Skyscrapers Hit Glass Ceiling

Actually, make that record-breaking skyscrapers. While cities such as Shanghai, Taipei and Seoul vie to have the world's tallest tower, others like Tokyo are experiencing building booms like few in modern history — a new skyscraper seems to open each week in Japan.

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But swanky cities alone won't ensure a pivotal role in the global economy. It is equally important for market, legal and political frameworks to keep pace with the construction projects sprucing up wannabe financial capitals.

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Tokyo, for example, is way ahead of Asia's other major financial centres, Hong Kong, Singapore and Seoul, but it is bumping up against a glass ceiling of sorts: Poor corporate governance.

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"Japan is a world-class country with the second-biggest economy, and it should have a world-class financial ...

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