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Economy

Taking the bite out of Japan's financial watchdog

Panel proposes that the FSA be more of a dialogue partner to industry

TOKYO -- Japan's Financial Services Agency is being prodded to scrutinize the financial sector less and talk with it more. So the 20-year-old agency will likely step away from its role of dishing out penalties to financial institutions that stray from regulations and become more avuncular.

The shift is being portrayed as a way to help the financial sector grow.

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