Electronic CP: the cutting edge of Japanese securities: Inukai Shigehito, secretary-general of...

TEN years have already passed since the collapse of Japan's bubble economy. In the meantime, many large and serious waves dashed against the capital and money market in Japan--the financial Big Bang, the frustration of financial institutions, several financial crises, the realignment of the financial sector and so on. In response, there have been calls for fundamental reform in the market. Many market players feel that the nation's capital and money market infrastructure--including market legislation and taxation, information systems, communication networks, securities settlement