• Compiled From Bloomberg, Kyodo

  • SHARE

The Financial Services Agency said Tuesday it will strengthen its electronic share-transaction reporting system to catch possible hoaxes after a company posted a false report on the system in January claiming it had bought majority stakes in Sony Corp. and other Japanese blue-chip firms.

The FSA will introduce a system to automatically flag possibly false reports, based on the size of the transaction relative to the reporting company. The FSA also hopes a related law will be amended so it can delete allegedly false reports.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW