A PYMNTS Company

Japan: Stock exchanges merged, but executives won’t mix

By  |  July 9, 2013

Six months after two of Japan’s largest stock exchanges merged, executives at each continue to clash, say reports. The combining of rivals Tokyo Stock Exchange and Osaka Securities Exchange, resulting in Japan Exchange Group, has not impacted overall business ventures of the conglomerate. Rather, said JEG chief executive Atsushi Saito, executives quarrel over minute details of the business; notebooks even, said Saito, are different between Tokyo and Osaka, and such differences caused a “huge shock” in the combining of the business cultures. To bridge the east- and west-mindedness divide of the company, the chief executive told reporters he assigned two of Japan’s leading “internationally minded” businessmen to lead each exchange.

Full Content: Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.