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This week's In the News looks at the establishment of a Nasdaq mirror in Japan. The six resources discussed provide news coverage and company information on the National Association of Securities Dealers (NASD) and Softbank collaboration. On June 17, 1999, the Tokyo-based internet group Softbank and the NASD, the largest securities-industry, self-regulatory organization in the US, signed an agreement to launch a new electronic stock market in Japan by the fourth quarter 2000. According to a NASD press release, Nasdaq-Japan will share the American Nasdaq's screen-based approach to trading equity securities and will use the Internet as a major conduit. The new exchange will allow Japanese traders to invest in top US technology stocks during US trading hours in addition to emerging Japanese companies not listed on the Tokyo Stock Exchange. Although organizers hope the venture will help stimulate Japan's lagging economy, skeptics are wary of a system that depends so heavily on new technology. As Wired News reporter David Lazarus maintains, "it will take a while--perhaps a very long while--before Japan gets anywhere near the more than 630,000 daily online trades now being logged on the other side of the Pacific."
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