Financial Services Minister Kaoru Yosano warned high-profile fund manager Yoshiaki Murakami on Tuesday against expecting to have free rein in Singapore, where his core fund recently relocated.
"Singaporean laws are fairly stringent, so it is not a place like heaven," Yosano told a news conference.
The remarks by the nation's top financial regulator indicate apparent friction between the government and the shareholder activist, who is engaged in a private feud about management with the board of Hanshin Electric Railway Co. Murakami is the major stakeholder in the railway, which is trying to merge with another local railway.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.