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Japan to eliminate FSA inspection bureau amid concerns about regulatory burden, economic growth

( August 22, 2017, 01:30 GMT | Insight) -- ​Japan's Financial Services Agency will eliminate its inspection bureau, which is responsible for ensuring the stability of the financial system, in the summer of 2018 and merge it with the supervisory bureau, the Nikkei newspaper reports.Japan's Financial Services Agency will eliminate its inspection bureau, which is responsible for ensuring the stability of the financial system, in the summer of 2018 and merge it with the supervisory bureau, the Nikkei newspaper reports. The move signals a policy shift as the FSA puts more emphasis on economic growth by encouraging lending and the development of better financial products. The inspection bureau, known for its aggressive oversight of bad-loan disposals, has faced criticisms that banks became more concerned with dealing with regulatory issues than improving their earnings, according to the newspaper. ...

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