J.P. Morgan to unveil Japanese government bond trading system

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J.P. Morgan & Co. will launch an online exchange for trading Japanese government bonds, J.P. Morgan eXpress, later this month. J.P. Morgan, New York, is the latest big U.S. investment bank to announce such a system. Goldman Sachs & Co. and Lehman Brothers Holdings Inc. are prepping similar exchanges. The Japanese government fixed income market is one of the world's largest, with some $794 billion in bonds set to be issued this year.
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