{"id":11260,"date":"2011-11-19T02:11:26","date_gmt":"2011-11-19T02:11:26","guid":{"rendered":""},"modified":"2011-11-19T02:11:26","modified_gmt":"2011-11-19T02:11:26","slug":"Japan-exchanges-to-merge-in-2013","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=11260","title":{"rendered":"Japan exchanges to merge in 2013"},"content":{"rendered":"

Japan’s two major stock markets have agreed to merge in about January 2013, creating the world’s second-largest stock exchange.<\/strong><\/p>\n

The presidents of the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE) reached a basic agreement yesterday on the merger, the Nikkei business daily reported, citing unnamed sources.<\/p>\n

The two will integrate their operations within a few years after the merger by reorganzing into four units specializing in cash stocks, derivatives, settlement and self-regulation, the Nikkei and Yomiuri newspapers reported.<\/p>\n

The Tokyo Stock Exchange is the biggest stock exchange in Japan, while the Osaka exchange serves as the nation’s largest market for derivatives trading.<\/strong><\/p>\n

They have agreed to value the Tokyo exchange at about 1.7 times the value of the Osaka bourse, the reports said.<\/p>\n

The merger will create the world’s largest stock exchange after NYSE Euronext, they added.<\/strong><\/p>\n

Companies listed on TSE and OSE had a total market capitalisation of around $3.7 trillion as of the end of September, the newspapers said.<\/p>\n

The merger is aimed at boosting Japan’s competitiveness, as regional bourses, such as Singapore, have successfully lured international firms for listings.<\/strong><\/p>\n

Sources AFP<\/em>
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