Tokyo's bourse imposed a record fine of about $2.5 million on Nomura Holdings on Wednesday in the wake of an insider trading scandal at Japan's biggest brokerage.
The Tokyo Stock Exchange (TSE) said it was levying a 200 million yen penalty on the company, and ordering a "business improvement report" detailing what measures had been taken to prevent a repetition.
The Nikkei business daily said the fine reflected the TSE's feeling that Nomura had dented confidence in Japan's capital markets after employees leaked confidential information about future stock offerings.
Small regional exchanges in Osaka and Nagoya were also planning to fine Nomura, the Nikkei said.
The government of Japan has bestowed one of that nation's highest honors on a Japanese-American, a former U.S. Soldier and World War II veteran, for his work furthering relationships between the Japanese and Americans. (army.mil )
This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times )