The deregulation of foreign exchange control in Japan

Abstract

The Japanese ‘Big Bang’ is expected to cover almost all areas of the country's financial systems. Within the many, differing revolutionary changes, the ‘front runner’ is the reform of the Foreign Exchange Control Law. The objectives of the reform are to make the Tokyo market a global financial centre and to provide free and swift cross‐border transactions for Japanese investors. The principal changes are: (a) liberalisation of cross‐border capital transactions, and (b) the abolition of the authorised foreign exchange bank system and that of the designated securities firms.

Citation

Shinoda, H. (1997), "The deregulation of foreign exchange control in Japan", Journal of Financial Regulation and Compliance, Vol. 5 No. 3, pp. 243-248. https://doi.org/10.1108/eb024932