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Article: JAPAN'S CREDIT RISK INDEX TO FALL ON EXCLUSION OF TAKEFUJI.
- Article from:
- AsiaPulse News
- Article date:
- September 18, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Sept 18 Asia Pulse - A major indicator of Japanese corporate credit risks is expected to fall as high-risk moneylender Takefuji Corp. (TSE:8564) will be removed from the benchmark as part of a reshuffle.
Markit Group Ltd., a financial information company that publishes various indexes on financial products, said Monday that it will change five of the 50 major businesses that make up its Markit iTraxx Japan index.
As of next Thursday, the index of credit default swaps will remove Takefuji, Nishimatsu Construction Co. (TSE:1820), Kobe Steel Ltd. (TSE:5406), Toppan Printing Co. (TSE:7911) and Tokyo Electric Power Co. (TSE:9501) from its pool and ...