Six Japanese bourses may merge by '09
Xinhua, Tokyo
The Tokyo Stock Exchange Inc (TSE) and five other stock markets in Japan are considering to merge and reorganise by 2009, the Yomiuri Shimbun newspaper reported Friday.The merger is expected to help the bourses improve efficiency of market operations and cope with the reorganisation processes of international stock markets, the paper said. Several management companies and a self-regulatory firm are expected to be set up under a holding company during the reorganisation, according to a plan considered by Japan Securities Dealers association officials.
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