Update : Mar. 29, 2013
[Tokyo Stock Exchange, Inc.]
Today, there were some reports in the media on reducing the price increments of bids and offers (tick sizes).
As stated in the medium-term management plan released by Japan Exchange Group, Inc. on March 26, 2013, our exchange is currently working toward a pilot program in FY2013 to verify the effects, etc. of reduced tick sizes before actual implementation in FY2015.
At the present time, there is no factual basis of a decision or announcement on the details of such a pilot program. This includes aspects such as the number of issues, extent of reduction in tick sizes, trading methodology, and implementation period. An announcement will be made promptly when the matters have been determined.
Japan Exchange Group, Inc.