Japan suspends Nomura Holdings from gov't bond auctions for 1 month due to bond futures market manipulation.
Japan's Ministry of Finance has suspended Nomura Holdings Inc. from participating in government bond auctions for one month, starting October 15, due to the company's admission of manipulating the bond futures market. This suspension follows other firms, including Toyota Finance, pulling their bond underwriting business from Nomura. The move raises concerns about increased burden on other bidders and potential liquidity issues in the market.
October 11, 2024
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