PwC's Managing upstream risk: Regulatory reform review - An asian perspective November 2013 | Page 25

3. Capital Markets Japan In accordance with the Action Plan to Implement the Growth Strategy (decision of the Headquarters for Japan’s Economic Revitalisation on 1 October 2013,) which states “the government will compile, by the end of this year, measures to make Japanese financial and capital markets such as measures to divert individuals’ financial assets as financing for growth, and measures to realize and utilize the potential of Asian economies,” the JFSA and the Ministry of Finance set up the Panel for Vitalising Financial and Capital Markets. Consisting of various experts from the financial, industrial and academic sectors, the Panel is aimed at holding active discussions from the broad perspectives of the members. Banking | Regulatory Reform Review 25