Planned Japanese Forex Changes Get Mixed Reception By Bankers
BANKS
In a bid to bring its FX sector up to international standards, the Japanese government's planned deregulation and abolition of foreign exchange controls in the country next year has been given a mixed reception by bankers in Japan.
Major changes are afoot in Japan's FX sector from April 1998, when such restrictions will be eased as abandoning the need to be granted a Ministry of Finance (MoF) licence for anyone wishing to make foreign currency transactions and the abolishment of a MoF ¥2 million
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