Tokyo mulls creation of mega-exchange

News

The Japanese government has proposed an initiative that could see the Tokyo Stock Exchange (TSE) merge with other bourses in the country to create a 'mega-exchange'. The development is aimed at boosting the competitiveness of Tokyo's financial markets compared with those in Europe and the US.

Under the terms of proposal put forward by private-sector members of prime minister Shinzo Abe's Council on Economic and Fiscal Policy, the Tokyo Commodity Exchange, Tokyo Grain Exchange and Tokyo Financ

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