Regulators Want TSE Realigned into 3 Trading Markets
Newsfrom JapanEconomy Politics
Tokyo, Nov. 20 (Jiji Press)--Japan's Financial Services Agency Wednesday proposed realigning the Tokyo Stock Exchange into three trading markets from the current four.
The FSA also sought to revamp the TOPIX index of all issues listed on the TSE's first section into a new index covering fewer actively traded stocks.
TOPIX is utilized by pension fund and investment trust fund managers as a yardstick for asset management.
These proposals were presented at a meeting of a working group of the Financial System Council, an advisory panel to the prime minister.
The council is expected to compile a report on the matters by the end of this year, sources familiar with its discussions said.
[Copyright The Jiji Press, Ltd.]