The Traderszone Network

Published in TZ Latest News 1 September, 2015 by The TZ Newswire Staff

Japan lawmakers urge bourse, regulators to be tough on Toshiba

Toshiba Corp’s second postponement of its annual results due to newfound accounting errors should be met with a tough response from regulators, Japanese lawmakers urged on Wednesday. The Tokyo Stock Exchange would consider putting Toshiba’s shares on a watchlist for possible delisting if there were further delays, Masahiko Shibayama, head of the Liberal Democratic Party’s treasury and finance division, quoted a bourse official as saying in a meeting of lawmakers and regulators. Sources familiar with the matter have previously said that regulators are studying the case to weigh possible fines.