JPX and TSE reduce executive compensation due to 'unprecedented' insider trading.

Japan Exchange Group leaders will face compensation cuts due to an insider trading scandal involving a former TSE employee.

So, get this: Japan Exchange Group, which runs the Tokyo Stock Exchange, announced that their CEO, Hiromi Yamaji, is taking a whopping 50% pay cut for two months because of an insider trading scandal involving a former employee. TSE President Moriyuki Iwanaga is also feeling the pinch with the same cut, while Senior Exec Katsumi Ao is stuck with a 20% reduction.

And it gets better! The head of the TSE's Listing Department, Koji Watanabe, just got a serious warning. They had to submit a report after being ordered by the Financial Services Agency, and an independent committee concluded that this scandal is "unprecedented" and totally against JPX's values. The former employee leaked crucial info to his dad while he was working at TSE's disclosure division. Can you believe that?

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