Japan mulls all-in-one super bourse
Afp, Tokyo
Japan is considering a merger of its stock, commodity and other financial markets to boost their competitiveness in an increasingly fierce global environment, an official said Tuesday. Prime Minister Shinzo Abe's top economic policy-setting panel on Tuesday proposed facilitating the integration of the Tokyo Stock Exchange and other financial markets into one super exchange, the Cabinet Office official said. The Council on Economic and Fiscal Policy, which includes Japan Business Federation chairman Fujio Mitarai, made the proposal as part of efforts to help Japan's financial markets cope with rapid globalisation.
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