Many market watchers are praising the move, saying that the BOJ’s outsized presence has undermined the price discovery process.
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The operator of Bizreach, one of the country’s most popular recruiting platforms for professionals, Visional rose as much as 50% above its ¥5,000 IPO price.
While Toyota trades are little changed in 2021, SoftBank stock is up nearly 30%, rallying past a two-decade record to a new high.
Fast Retailing has risen about 80% in the past 12 months and the price per share broke the ¥100,000 level on Tuesday, making it the only listed company in Japan to trade at such a value.
With the index crash in 1990 that followed the deflating of the asset-price bubble, it would take more than three decades for the benchmark to hit a threshold first reached in 1988.
The key 225-issue Nikkei average advanced 16% in 2020 despite more than ¥6 trillion of foreign net selling in the cash and futures market, according to Japan Exchange Group data.
The market’s interest in trading options on the 225-issue Nikkei average on the Tokyo Stock Exchange has dropped to its lowest in more than a decade amid waning demand for protection against volatility. Total open interest on the blue-chip gauge plunged to 1.1 million contracts ...
The Tokyo Games and a recently forged Asia trade pact will serve as some of the reasons for investors to seek Japan-specific exposure.
The dominant presence of the BOJ, along with the Government Pension Investment Fund, has raised concerns over their influence on market prices.
After years of complaints from corporate governance experts, the wave of consolidation or sales of these units is gathering pace.