The Ministry of Agriculture, Forestry and Fisheries heard opinions directly from the exchange on the 5th to decide whether to approve the Osaka commodity exchange to shift to full-scale rice futures trading.
Both sides do not agree, and the focus will be on future decisions on the part of the country.
The Osaka Dojima Commodity Exchange, which has been piloting rice futures trading since 2011, is the only country in Japan to apply to the government for a transition to full-scale trading with no deadline.
On the 5th, the Ministry of Agriculture, Forestry and Fisheries called on the president of the exchange, Kazuhiro Nakatsuka, to hear his opinions to decide whether or not to approve it.
The national side has pointed out issues such as the number of producers and distributors participating in the transaction has not increased, while the exchange side has insisted that the number of participants has increased, and both sides have agreed. It was.
Regarding the approval of rice futures, the Liberal Democratic Party's Agriculture and Forestry Subcommittee requested the government to make a careful judgment on the 4th, saying that "it should not give anxiety to producers."
Meanwhile, Yoshitaka Kitao, president of SBI Holdings, which invests in the exchange, told reporters on the 3rd that he was "people who do not deal with the world," and criticized the government's response.
The Ministry of Agriculture, Forestry and Fisheries has decided to reach a conclusion by the deadline of 7 days.