April 4, 2001
Bank of Japan
Financial Markets Department

The Bank of Japan Financial Markets Department releases Market Review E-series in April 4, 2001. Market Review presents topical issues in plain terms, including the essence of staff studies on market functioning and practices as well as analysis of financial statistics, in order to stimulate comments and discussions from a wide audience. The Japanese version (J-series) has been released since October 2000 on a monthly basis, from which appropriate titles will be selected for the E-series. The views expressed in the Review are those of the authors and do not necessarily represent the views of the Bank of Japan. Comments and questions as well as requests for hard copies should be addressed to Tokiko Shimizu, Manager, Financial Markets Department (tokiko.shimizu@boj.or.jp).