NICSA is still eyeing Asia as a market for growth, despite having to pull the plug on its Japan conference for the past two years. The organization had initially planned to hold a conference on the Japanese market in November, but postponed it when the stock markets in both countries stayed in the doldrums.

"We concluded that the business community would not support that kind of conference," said Barbara V. Weidlich, NICSA's president. She added that many fund firms were unwilling to send executives so far for a conference at a time when they are cutting travel expenses.

"As soon as we see daylight, we plan to reconsider Tokyo," she added. "We are trying to establish a local NICSA committee of NICSA member firms to run the meeting."

In the past NICSA had been organizing the meeting through a partnership with a Japanese organization (Keizai).  

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