Free and queasy

Article Abstract:

The International Monetary Fund conducted a study on the Asian banking industry to examine the changes in the financial systems of such countries as Malaysia, SriLanka, Singapore and the Philipppines. The study revealed that deregulation of banks in the region enabled it to withstand the negative effects of some international banking developments. It also underscored the necessity for nations to harmonize exchange-rate policy with monetary credo. This should be done to allow it to thrive despite the global trend for freer capital flows andexchange rate systems. A set exchange rate will make the monetary policy of anycountry dependent on outside developments.

Finance, taxation, & monetary policy, Research, International Monetary Fund, Deregulation

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In their own backyard: Japanese foreign ventures to tap Asian capital markets

Article Abstract:

Japan's banking and securities industries plan to utilize the financial markets of neighboring Asian countries to increase investment returns. The industries are regionalizing since the Bank for International Settlements requires more capital for US and Europe investments. Furthermore, sluggish trading in the Tokyo stock market has reduced revenues. Banks and investment houses plan to list Japanese joint ventures on the stock markets of Thailand, Malaysia, Indonesia, Singapore, Hong Kong and Taiwan. In addition, banks intend to increase loans to Japanese subsidiary companies in Asia.

International aspects, Capital market, Capital markets

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Question of turf: Japan removes wall between banks and brokers

Article Abstract:

Financial reforms in Japan have focused on removing the barrier between banks and securities brokers. Both business groups are allowed to engage in each other's business. The reforms cover amendments to the Banking Act, the Securities and Exchange Act and the Merger and Conversion Act. Nevertheless, the reforms have not totally dismantled some constraints to the easy access of banks and brokers to each other's lines of business.

Japan, Laws, regulations and rules

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