Compensation could be sought on 100,000 trades after TSE glitch
Japan Times -- Oct 19
Investors who collectively placed approximately 100,000 failed share trades may seek compensation after a systems glitch at the Tokyo Stock Exchange last week left some 40 brokerages temporarily unable to place orders, sources said Thursday.

The TSE and the securities firms are at odds over what triggered the connection failure on Oct. 9, and a resolution to the compensation issue may not be concluded quickly, the sources said. The bourse detected the problem at around 7:30 a.m. in one of four lines used to accept orders from brokerages, after it received an unusually large amount of data via Merrill Lynch Japan Securities during a routine check of the system, according to the sources. The TSE told securities firms about 30 minutes later that it would open the market using the remaining three lines, but about 40 brokerages out of 90 were unable to switch their connections in time, leaving them without the means to execute clients’ trade orders.

The number of transactions eligible for compensation at five major brokerages is expected to reach 70,000 to 80,000, and the total figure at the 40 securities houses is likely to hit 100,000, or 1 percent of the overall orders executed that day, the sources said.

News source: Japan Times
Apr 02
As the new coronavirus spreads in Japan, some foreigners in the country lack information due to language barriers. (NHK)
Dec 26
The average winter bonus for workers at major Japanese businesses rose 1.77 percent from a year earlier to a record ¥951,411 this year, a survey showed Wednesday. (Japan Times)
May 03
Finance ministers and central bank governors of the ASEAN states, along with Japan, China, and South Korea say they will discuss a plan to incorporate Japanese and Chinese currencies in a swap program to ensure financial stability in the region. (NHK)
Mar 26
Tokyo's benchmark Nikkei Average saw its biggest fall of 2019. The drop followed a plunge on Friday on Wall Street that came amid new worries of an economic slowdown. (NHK)
Mar 20
As trade talks between Japan and the US look likely to start soon, and the price of oil drops in Japan, the value of the Yen is increasingly under threat of deflation. (newsonjapan.com)
Mar 20
The average price of all types of land in urban areas rose last year for the first time since 1992 as the growing influx of foreign tourists rejuvenated real estate investment, the government said Tuesday. (Japan Times)
Mar 19
The Japanese economy will likely once again be assessed as "recovering at a moderate pace" in the government's monthly report due out Wednesday, which also will note potential risks from overseas economies. (Nikkei)
Mar 16
Japan will tighten oversight of pay for foreign employees through ordinances issued Friday, aiming to address major concerns over working conditions as the country prepares to accept more labor from abroad starting next month. (Nikkei)
Mar 09
Since the 2008 global financial crisis, expansionary monetary policy has been the order of the day in most of the major advanced economies. (Japan Times)
Mar 08
Chief Cabinet Secretary Yoshihide Suga denied a media report Thursday that the government is considering introducing a minimum wage for specific industrial sectors that would apply to workers nationwide, regardless of where they live. (Japan Times)