• Kyodo News


The Tokyo District Court on Friday ordered the Tokyo Stock Exchange to pay about ¥10.7 billion in damages to Mizuho Securities Co., saying the bourse is more to blame in a case of botched trading in 2005 that caused the brokerage to incur hefty losses.

Mizuho Financial Group Inc.’s brokerage unit sued the TSE in October 2006, seeking ¥41.5 billion in damages because the Tokyo bourse’s computer system failed to respond to a cancellation order for a large number of erroneous sell orders it placed on J-Com Co. shares on the Mothers market of the TSE in December 2005.

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.