Japan commodity bourse 2010/11 loss wider than expected

Tokyo Commodity Exchange said on Tuesday it expects a recurring loss of around $9,5 million on a parent basis for the financial year that ended on March 31, nearly double the loss initially forecast.

Japan’s largest commodity exchange had initially forecast a recurring loss of about $4-$4,75 million for fiscal 2010/11.

For the month of March, trading in oil products and precious metals increased from February as global markets surged on tensions in the Middle East.

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