The Financial Services Agency (FSA) of Japan regulates all financial service providers in Japan, including forex brokers. The ultimate goal of the FSA is to maintain the country's financial system and ensure its stability. It is also responsible for protecting the interests of securities investors, insurance policyholders, and depositors. It achieves its goals in various ways, including developing plans and policies, supervising financial service providers, overseeing securities trading, and reviewing private sector financial institutions. At the beginning of its establishment, the FSA was only an administrative agency, but its responsibilities expanded when it became an external representative of the Japanese Cabinet Office in 2001. It not only took over the responsibilities of the Financial Restructuring Committee, but also took over the management of bankrupt financial institutions. Nowadays, the FSA is responsible to the Japanese Minister of Finance and bears extensive responsibilities.