Coming out of a decade-long recession, the Japanese securities market is undergoing major shifts as it continues to search for new growth opportunities. The enactment of the Financial System Law of 1996 began the "big bang" changes in the Japanese markets, affecting not only the securities industry, but also banking and insurance. The Japanese securities industry has experienced noticeable growth over the last few years and is well on the road to recovery.
One of the major changes in the Japanese economy in recent years has been the increased retail-investor participation in the securities market. Driven by rapid adoption of online trading, Japanese consumers have become an integral part of overall market growth, not only in the equities market, but also in other, more risky asset classes, such as retail foreign exchange.
|
