MOF Set To Prohibit Historical Rate Rollovers Ruling Due In Two Weeks, Implications Eyed
REGULATIONS
Foreign exchange trading activity in Tokyo, already down as much as 50 percent from levels a year ago (FX Week, March 20), may be in for another blow. The Japanese Ministry of Finance is gearing up to publish a directive that would forbid Japanese companies from rolling forward foreign exchange trades at historical rates, sources close to the Japanese regulatory body say.
Industry observers say the ruling could spark a number of significant developments, including a dramatic reduction in the
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