According to a report by *Nikkei* (The Nikkei), Japan's Financial Services Agency (FSA) revised its Q&A guidelines on financial instruments business operations on August 27. The update explicitly states that selling leveraged ETFs, established overseas and based on individual Japanese stocks, is "inappropriate from a public interest perspective" within Japan. This move aims to curb the disguised circulation of unapproved products domestically and prevent excessive capital concentration, which could distort the pricing of specific stocks and cause significant market volatility. Currently, Japan has not opened its market to individual stock leveraged ETFs. Previously, there was market speculation that if such products were issued overseas, they might be resold in Japan through "foreign investment trusts." https://www.(wublock123.com)/news/news-67321