Akira Kiyota, CEO of Japan Exchange Group, which owns the Tokyo Stock Exchange, said at a press conference on the 31st that it is a problem that shakes the credibility and fairness of the market. Based on the progress of the above, he showed the idea of considering disposal if it is a fact.
At SMBC Nikko Securities, five executives were indicted for market manipulation in violation of the Financial Instruments and Exchange Act, and the vice president was also arrested for making fraudulent transactions such as buying a large number of stocks to prevent the decline of specific stocks. rice field.
Regarding this, Kiyota, CEO of Japan Exchange Group, said at a press conference on the 31st, "We think that market manipulation distorts the price discovery function of the market and its impact is quite large. If it is a fact, it is a big problem and the market I am worried that this is a problem that will shake the credibility and fairness. "
On the other hand, on the 4th of next month, the current TSE 1st section will disappear and it will be reorganized into three new markets such as "Prime". The historic mission is over. I hope this reform will motivate companies to tackle corporate value. "