Tokyo International Financial Futures Exchange: Trading Starts 15 Minutes Earlier On 1 July 2005

TFX announced the temporary change of trading hours for all contracts on 1 July 2005, responding to the releases as follows:

• The Consumer Price Index at 8:30am.
• BOJ's TANKAN report at 8:50am.

Opening on that day

• Pre-open 8:30am - 8:45am (Normal days 8:45am - 9:00am)
• Open of morning session 8:45am (Normal days 9:00am)

Other trading hours are the same as usual.

TFX temporally extend its trading hours to provide its members and customers with trading opportunities . Other than the release of the Consumer Price Index or BOJ's TANKAN report, TFX starts its trading hours 15 minutes earlier on days when a preliminary report on Indices of Industrial Production, BOJ's Outlook and Risk Assessment of the Economy and Prices, or a GDP figure are announced at the same timing.