boj minutes, 2002-02-08
In relation to securities regulations, one member said that (1) an article in the ministerial ordinance, which exempted margin transactions from the uptick rule--which required short sales to be made only at the same or a higher price than the most recent one--was problematic; and (2) the detailed rules on the restriction on or suspension of applications for loans for margin transactions should be reviewed from the viewpoint of ensuring free market transactions.
Sentiment: neutral
Topic: financial_stability