Japan extends short selling ban
01 August 2010 Tokyo
Image: Shutterstock
Japan's Financial Services Agency has announced that it will extend the ban on naked short selling until the end of October.
The agency says the extension is in response to continued stock market uncertainty. The ban has been in place since October 2008, and has now been extended six times.
The agency has also extended other measures, including the requirement for holders of a short position above a certain level to report to exchanges through securities firms.
The agency says the extension is in response to continued stock market uncertainty. The ban has been in place since October 2008, and has now been extended six times.
The agency has also extended other measures, including the requirement for holders of a short position above a certain level to report to exchanges through securities firms.
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