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Article: How Japan views new rules. (new rules on commodity funds) (Cover Story)
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- September 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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The changing face of Japan's managed money industry has market leaders poised for action with new rules on funds scheduled to go into effect late this year.
Four different groups -- leasing companies, large trading houses, commodity futures companies and securities firms -- have emerged as leaders of Japan's fund business.
But a rivalry between the Ministry of Finance (MOF) and the Ministry of International Trade and Industry (MITI), each of which separately supervises financial products and commodities, has created two different forms of funds.
According to a blueprint drafted by both ministries, commodity funds or so-called "MITI-models" are ...