Plans to lower barriers between equity and commodity trading in an effort to win a larger share of global investments for Japan have been disclosed by the Financial Services Agency.
The regulator will submit to the Diet proposed rule changes as early as next year aimed at creating a single venue for trading stocks, bonds and commodity derivatives, according to a plan unveiled at a press briefing Tuesday. An initial step will be approval of capital alliances between the nation's exchanges.
Prime Minister Yasuo Fukuda is pursuing financial reforms started by earlier administrations to boost the financial services sector and promote Tokyo as a global securities-trading center.