New retail laws spark alarm in Japan

Some believe the legislation – amendments to the Financial Futures Exchange Law, which will bring retail FX trading within the remit of the Financial Services Agency (FSA) – will promote security and growth in the currently unregulated market.

But others fear the new regulatory requirements will be so strict that smaller firms will be forced out of retail FX.

Fabrice Barbe, marketing sales manager at online brokerage firm FX Online Japan in Tokyo, is in the former camp. "I don't think it's ne