Tokyo bourse boss says don't blame the market

TOKYO: The head of the Tokyo Stock Exchange, the world's second-biggest bourse, doesn't like what he sees in the wake of the global financial crisis.

Governments have turned to the wrong tools - massive public bailouts and greater regulation - which threaten to undermine the market's long-term health, said Atsushi Saito, president and CEO of the Tokyo Stock Exchange Group Inc.

A longtime champion of free markets, he blames the crisis on abuse of the system rather than the system itself.