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Japan

Turmoil prompts supervision recommendations

New rules for conduits, special purpose vehicles (SPVs) and rating agencies must be introduced to stop another subprime crisis, according to several shadow financial regulatory committees. The Basel II framework must also be reassessed because of its…

Japanese deputy discusses housing

Kazumasa Iwata, a deputy governor of the Bank of Japan, discussed links between the housing market and monetary policy at a symposium sponsored by the Federal Reserve Bank of Kansas City on 1 September.

OECD sings praises of central banks

Jean-Philippe Cotis, the chief economist of the OECD, had warm words for central banks Wednesday when he presented the organisation's interim assessment of the global economy in between the spring and autumn editions of the Economic Outlook.

Mizuno wanted 25 bp hike

The minutes from the Bank of Japan's monetary policy board July meeting confirm that Atsushi Mizuno wanted to raise the overnight rate from 0.5% to 0.75%.

Japanese regulator seeks hedge fund clamp-down

The Japanese Securities and Exchange Surveillance Commission (SESC), has warned that investment banks and hedge funds are becoming "too close" and expressed fears that this could lead to insider trading and other forms of misconduct.

Bank of Japan plans gradual share sale

The Bank of Japan is considering ways to limit the market impact of its move to start selling shares in the country's commercial banks, bought between November 2002 and September 2004, by October this year.

Fund raises 2007 and 2008 growth forecast

The July update of the World Economic Outlook (WEO) published on 25 July by the International Monetary Fund (IMF) increased the Fund forecast for global economic growth for 2007 and 2008 to 5.2%, from 4.9%.

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