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TGE likely to disolve after meeting

This article was originally published in The Public Ledger

A DECISION to dissolve the Tokyo Grain Exchange and move trading to either the Tokyo Commodity Exchange or (in the case of the recently-relaunched but illiquid rice contracts) the Kansai Commodities Exchange is set to take place at a general shareholders meeting in June. However, sources told The Yomiuri Shimbun that the Agriculture, Forestry and Fisheries Ministry, which supervises the bourse, has basically agreed to the dissolution so the exchange is likely to be dissolved this fiscal year.


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