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Article: Funds battle just beginning in Japan. (new commodity funds trading regulations in Japan)
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- August 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Funds battle just beginning in Japan
New commodity funds trading regulations in Japan next year promise a bright future for the United States as billions of yen will likely flow into U.S. futures markets.
But, for the Japanese, the start of official fund trading means a battle among commodity futures companies for survival--among themselves and with the regulators.
The Ministry of International Trade and Industry (MITI) and the Ministry of Finance (MOF) drafted the outline of new commodity funds laws in March. A set of rules is expected to be enacted by the end of 1991.
Thus, industry competition has been fierce, fully sanctioned by ...