Japan new corp CDS index plunges on reshuffle

Newswire

* Benchmark 5-yr iTraxx Japan index plunges due to reshuffle * Main driver is exit of Aiful, Takefuji from index TOKYO, Sept 24 (Reuters) - The benchmark index for the Japanese corporate credit default swap market plunged on Thursday following a reshuffle. The new five-year iTraxx Japan index series 12 , was trading 100 basis points after its launch earlier in the day, traders said, sharply below Friday's closing level of 185 basis points for the previous series 11 index. Japanese ...

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