Financial Reform in Japan
- 〔要 旨〕
The agenda of Japanﾕs financial reform calls for the creation of a balanced financial intermediary system by correcting the over-emphasis on indirect financing and strengthening the functions of the securities markets.
Because the Japanese financial system is experiencing a major turning point amid an unprecedented financial crisis, it is critically important to prevent systemic risk. To do this, accurate and timely disclosure of information remains the only effective measure.
Furthermore, the strengthening of the depositor protection system and investor protection fund is indispensable.