Yanagisawa is said by market players to be discussing the idea with Nomura Securities, which would sponsor the product. The ETF would track the Tokyo Stock Exchanges TOPIX index, which is the major benchmark for Japanese institutional investors.
The FSA earlier this spring scrapped the remaining legal hurdles for introducing ETF's. Both State Street and Barclays Global Investors are feverishly working to introduce ETF's to Japan this year. BGI hopes to launch an ETF on the Tokyo Stock Exchange using the...
