Tokyo FX Market Will Remain Quiet This Year Economy, Nikkei, Capital Adequacy Cited
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Almost one year after foreign exchange trading activity subsided dramatically in Tokyo, Japanese bank officials and analysts surveyed aren't optimistic about a revival. The Nikkei Index's continued slide, a weak economic environment and impending capital adequacy requirements will probably limit FX trading activity for the remainder of the year, if not longer.
Officials surveyed confirm what Bank of Japan turnover data has been reflecting for months: foreign exchange trading activity in Tokyo has
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