Japan to suspend Nomura's JGB primary dealer status for a month

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TOKYO :Japan's finance ministry said on Friday it would suspend Nomura Securities' primary dealer status for government bonds for a month starting on Tuesday following alleged manipulation in the government bond futures market.

Nomura said it will issue an announcement if the suspension has impact on its consolidated financial results.

Primary dealers are required to buy certain amounts of JGBs that the Ministry of Finance sells at these auctions.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Status Watchdog Primary Month Ministry Tokyo Government Securities Nomura Dealer Holdings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 12:45:22 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22993800

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 2 hours ago

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