The agreement, a vaguely worded memorandum of understanding pledging increased cooperation between the stock exchanges, in reality is the first step towards eventually allowing trading on both countries’ stock exchanges. 

"I am confident that the memorandum will help bring Mongolia and Japan closer together and strengthen our two Exchanges partnerships in the period ahead," commented Mr. Sodkhuu Rentsen, CEO of the Mongolian Stock Exchange. 

In a further statement released by both exchanges, slight hints about future trading were mentioned. “Both Exchanges wish to foster the development of channels of communication and a cooperative relationship between them for the purpose of supporting and advancing the development of the securities markets in both Japan and Mongolia,” read the statement. 

The Mongolian stock exchange is the sole provider of securities trade-related services in Mongolia and is a 100 per cent government owned corporation.

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