Japan's FSA to monitor hedge funds

Japan's Financial Services Agency (FSA) said on Tuesday 1 May it will start to monitor hedge funds which operate in Japan.

"We basically want to understand who are the main funds operating in Japan," Mitsuhiro Kawamoto, deputy director of the Securities Business Division of the FSA's Supervisory Bureau said, according to Japan.

The report said the regulator will ask hedge funds filing with it from around September to report their assets under management on a yearly basis.