Tokyo Financial Market

Japanese: 東京金融市場 - とうきょうきんゆうしじょう

A financial market is a place where currency and funds circulate through financial transactions. Short-term and long-term financial assets are traded there, and partial markets are established for each financial asset. In Japan, bilateral transactions (deposits, loans), especially retail banking, are widely conducted throughout the country, but wholesale banking and market transactions (financial markets in the narrow sense, where prices are determined competitively) are mostly concentrated in Tokyo.
【history】
Since the Meiji era, Japan's financial system has been built on indirect finance, i.e., the dominance of banks, and since World War II, an artificially low interest rate policy was adopted for a long time, which led to the slow development of financial markets in the narrow sense.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

金融市場とは，通貨や資金が金融取引によって流通する場である。そこでは短期･長期の金融資産が取引され，金融資産ごとに部分市場が成り立つ。日本の場合，金融取引のうち相対取引(預金，貸出し)，とくにリテール･バンキングは広く全国で行われるが，ホールセール･バンキングや，市場取引(価格が競争的に決まる，狭義の金融市場)は，大半が東京に集中している。
【歴史】
　日本の金融制度は明治以来間接金融すなわち銀行優位のもとに築かれたうえ，第2次大戦後は久しく人為的低金利政策がとられたため，狭義の金融市場は発達が遅れた。

出典　株式会社平凡社世界大百科事典第２版について　情報

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