New rules shake up Japan's retail forex

- Saima Farooqi
- 27 Apr 2009

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TOKYO - Revisions to foreign exchange margin trading rules in Japan due this year will lead to consolidation of the local retail FX broking market, say market participants.

Brokers operating in the country said the Japanese Financial Supervisory Agency (FSA) plans to change rules governing forex brokers with effect from the second half of this year. The regulations on forex margin trading were initially introduced in July 2005 through a revision of the Financial Futures Trading Act, in a move to

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