JAPANESE FINANCE REG. TO CAP LEVERAGE ON FOREX MARGIN TRADING

Japan's Financial Services Agency will limit use currency traders on margin transactions, the development by multiple in two stages with a guarantee of 25 times before August 2011.

The financial watchdog proposed regulatory changes in May. Despite widespread opposition to the top of this class, expressed in the public comment period, the agency decided Friday to revise the regulations, citing the risk of highly leveraged transactions and the need to protect consumers. The Japan Federation of Bar Associations was among those who support the measure.

The multiple use was initially limited to 50 August 2010, and then reduced to 25 a year late