Japan Suspends Nomura From Bond Auctions After Manipulation (2)

Japan’s Ministry of Finance is temporarily excluding Nomura Holdings Inc. from primary dealer privileges at government debt auctions after the firm admitted to manipulating the bond futures market.

Nomura will be suspended from “special entitlements” of Japanese government bond dealers from Oct. 15 to Nov. 14, the ministry said in a statement on its website on Friday.

The action, reported earlier by Bloomberg, is another setback to Nomura after the revelations ledseveral companies including Toyota Finance Corp. to take their bond underwriting business elsewhere. As one of the biggest players in government bond auctions, Nomura’s suspension will increase the ...