Japan nervous of implications of Volcker rule
In a letter dated December 28 and released on January 12, Japan's central bank and financial regulator warned of the effect the Volcker rule in the US would have on the market for Japanese government bonds.
The proposed rule, which would restrict proprietary trading, would increase the cost of trading Japanese government bonds, the Financial Services Agency and Bank of Japan wrote.
As part of the Dodd-Frank Act, the rule, named after former Federal Reserve chairman Paul Volcker, is intended to
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