News File

Abolishment of the Exchange Tax (No.2)

(Mar 24, 1999)

On 24th March, 1999, the Diet has approved the abolishment of the Exchange Tax.

The exchange tax which has been imposed on each transaction on The Tokyo International Financial Futures Exchange (TIFFE) will be abolished from 1st April 1999 (starting from the evening session on 31st March, 1999).