BoJ’s Shirakawa urges cautious acceptance of financial innovation

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The governor of the Bank of Japan, Masaaki Shirakawa, today (July 26) outlined the possibility that futures trades could, under carefully controlled circumstances, be beneficial to the Japanese economy.

Speaking at a conference of the Japan Futures Industry Association in Tokyo, Shirakawa said: "I would like to offer you some thoughts on how to create or enhance the conditions that would be conducive to increasing public welfare, by embracing financial innovation, as well as the advancement of f

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