The Tokyo Stock Exchange (TSE) plans to extend its trading day by 30 minutes, making the first change to cash equity trading hours in more than a decade.
The market will close at 3:30 p.m. local time if the proposed changes are implemented. The switch is planned at the same time as a large upgrade of the exchange's trading systems, in the second half of the fiscal year ending March 2025, Japan Exchange Group Inc., which operates the exchange, said in a statement.
"Trading hours in Tokyo are among the shortest in the world,” said Akira Kiyota, the chief executive officer of Japan Exchange. The effect of extending hours would be seen when volume was heavy, he said, even if transactions might not immediately increase after the change.