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Tokyo Stock
Exchange Group Inc is starting takeover process of Osaka Securities Exchange Co. The
estimated value of deal is approximately $1.68 bn. Japanese stock markets have
been decline since 1988. The country has lost its position as the
world's second largest stock market to China. According to Takeshi Fukushima, asset manager
at Yasuda Asset Management Co, the merger is reasonable strategy as
volumes of trading in Japanese stock markets are decreasing.