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Japan bank minister wants more individual investors

Fri Oct 23, 2009 1:15am EDT

TOKYO, Oct 23 (Reuters) - More individual investors are needed to counteract Tokyo's waning position as a global financial centre, Japan's banking minister said on Friday.

Japan  |  Financials

Shizuka Kamei, who has sparked investor concern with his criticism of U.S.-style capitalism, made the comment at an economic forum in Tokyo.

International investors have long warned that Tokyo has fallen to financial hubs such as Hong Kong and Singapore, both of which boast lower taxes and more flexible regulation.

But Kamei, who also described derivatives as "dangerous", said that increasing the participation of individual investors could help revitalise Tokyo's market. (Reporting by David Dolan)

Japan
Financials


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