Japan Temporarily Suspends Nomura from Debt Auctions After Firm Admits 2021 Bond Manipulation

Oct 11, 2024, 03:39 AM

Nomura Holdings Inc. admitted to Japan's financial regulator that it had manipulated the government bond futures market, following a probe by the securities watchdog into transactions in 2021. The admission was disclosed on the Financial Services Agency's website. In response, Japan's Ministry of Finance has announced plans to temporarily suspend Nomura from participating in government debt auctions. The decision to exclude Nomura comes after confirmation of the firm's breach.