Trading (JGB)
| Trading Hours | 12:30 pm - 2:00 pm |
| Trading Unit | JPY 50,000 in par value |
| Tick Size | JPY 0.01 |
| Types of Orders | Limit orders only (Market orders are not available) |
| Daily Price Limit | JPY 1 |
| Trading Method | Orders are accepted only via Target (electronic document submission system of TSE) |
| Trade Execution | Individual auctions for each issue (price priority and time priority are applied same as stocks) |
| Types of Trading and Settlement Dates | Regular transactions (T+1) |
| Settlement | Settlement through BOJ-NET |
- Trading Auction through the trading system was abolished as of November 18, 2011. Orders are accepted by Target.
- Matching is conducted through individual competitive trading based on "Principle of price priority" and "Principle of time priority".