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Daiwa Securities CEO pushes for Japan crypto ETF approval amidst slumping China profits

The CEO of Daiwa Securities, Akihiko Ogino, believes that Japan should allow for crypto exchange-traded funds (ETFs) to enter the local market. Daiwa, along with other major Japanese financial firms, has been pushing for the approval of crypto ETFs. However, there are concerns over regulatory constraints and negative perceptions towards crypto in Japan. Ogino also predicts that Japan's central bank will tighten monetary policies further, and Daiwa expects the Bank of Japan to increase the nation's policy interest rate in January next year. Meanwhile, Daiwa is facing challenges in the Chinese market and is exploring ways to turn a profit in 2026. The firm plans to raise employee wages and focus on training existing staff.

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