Japan's competition watchdog has approved the planned merger of the Tokyo Stock Exchange and Osaka Securities Exchange.
Once completed, it will create the world's third-largest and Asia's largest stock exchange.
The move comes as demand for new share sales in Japan has been falling amid an overall slowdown in its economy.
Meanwhile, other regional bourses, especially in China and Hong Kong, have seen a growth in new listings.
Japan Fair Trade Commission said in its ruling that "given the remedies proposed by the parties concerned, competition in any particular field of trade might not be substantially restrained".
The two exchanges are scheduled to merge on 1 January next year.
Source & Image : BBC
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