Japan Considers Easing Rules Banning FRA And FXA Trading
REGULATIONS
The Japanese Ministry of Finance is considering lifting a decade-old prohibition on two foreign exchange derivative products, the future rate agreement (FRA) and the forward exchange agreement (FXA), as part of liberalisation measures to advance U.S.-Japanese relations, Tokyo officials say.
Sources say turnover from FRAs in Japan could hit between $2 billion and $3 billion a month once the green light is given by regulators. In anticipation of the move the Tokyo Forex Company earlier this year
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