Financial Times FT.com

Tokyo finds a new weapon for growth

By Andrew Wood

Published: November 5 2007 02:00 | Last updated: November 5 2007 02:00

Tokyo's attempts to revitalise itself to become Asia's main international financial centre is prompting a renewed wave of interest in exchange traded funds.

In June, on his first day as the Tokyo Stock Exchange's new president, Atsushi Saito said the exchange would have to "expand its product line-up at any cost" to have any chance of closing a credibility gap with rival stock markets, and once again become a global player. ETFs would be one of the chosen weapons.

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