Sat, Sep 07, 2013 - Page 15 News List

Singapore becomes Asia’s top foreign-exchange hub

MAKING A MARK:Although Japan lost its regional spot to Singapore, the yen recorded the biggest increase in trading activity among major currencies, the BIS said


While Japan’s share of foreign-exchange trading dropped, yen transactions jumped 63 percent between 2010 and this year, the biggest increase in activity among major currencies, according to BIS data.

Japanese Chief Cabinet Secretary Yoshihide Suga said the BIS report showed Tokyo’s financial markets are still growing and the acceleration of yen trading across the globe.

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