The Tokyo Stock Exchange

Japanese Stock exchange

Serious Information

Trivia

Name : Tokyo Stock Exchange, Inc.
Officers : 9 Directors, 4 Auditors , 9 Executive officers
Address : 2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo 103-8220 Japan
Founding : April 1, 1949
Capital : 11.5 Billion yen
Issued Shares : 2,300,000 shares
Staff : 738 people

contact:

Public Relations Group
Tokyo Stock Exchange, Inc.
2-1 Nihombashi Kabutocho, Chuo-ku Tokyo 103-8220
Tel: 81-3-3665-1881 (direct)
Fax: 81-3-3662-054

The Tokyo Stock Exchange (Tokyo Shoken Torihikisho), or TSE, is one of the largest stock exchanges in the world by monetary volume, second only to the New York Stock Exchange. It currently lists over 2,200 domestic companies and 31 foreign companies, worth over 4 trillion USD.

The Tokyo Stock Exchange is a stock corporation providing an Exchange Securities Market under authorisation of the Prime Minister. The Tokyo Stock Exchange was formerly a membership organisation. However, a revision of the Securities and Exchange Law allowed the stock exchange to transform its organisational structure into a stock corporation so, on November the 1st 2001, the Stock Exchange became a stock corporation.

The management of the Exchange Securities Market is required to be a highly public matter. Therefore, the management aims are stipulated in the Tokyo Stock Exchange's constitution as, "In order to contribute towards the protection of the public interest and investors, the trading of securities must be carried out in a fair and efficient manner." It is also clearly stated in the constitution that the TSE shall continue to maintain a high level of publicity concerning its management, even after the transformation into a stock corporation.

Nikkei 225 is a stock market index for the Tokyo Stock Exchange (TSE).

The Nikkei average is the most watched index of Asian stocks. It has been calculated daily by the Nihon Keizai Shimbun newspaper since 1971. It is a price-weighted average (the unit is Yen), and the components are reviewed once a year.

The TSE is incorporated as a kabushiki kaisha with nine directors, four auditors and eight executive officers. Its headquarters are located at 2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo, Japan.

Stocks listed on the TSE are separated into First Section (large companies), Second Section (mid-sized companies), and "Mothers" section (high growth startup companies).

The indices tracking the TSE include Nikkei 225 index of companies selected by the Nihon Keizai Shimbun (A Japan business newspaper), the TOPIX index based on the share prices of First Section companies, and the J30 index of large industrial companies maintained by Japan's major broadsheet newspapers.

History

In the 1870's, a securities system was introduced in Japan and public bond negotiation began. This resulted in the request for a public trading institution; and, the "Stock Exchange Ordinance" was enacted in May 1878. "Tokyo Stock Exchange Co., Ltd." was established on May 15, 1878; and trading began in June.

In March 1943, the "Japan Securities Exchange Law" was enacted to reorganize the Stock Exchange as a war time controlled institution. On June 30, 1943, 11 stock exchanges throughout Japan were unified and a quasi-public corporation, the "Japan Securities Exchange", was established (dissolved in April, 1947).

With worsening war conditions and air raids on the island of Japan, the securities market was forced to suspend trading sessions on all securities markets from August 10, 1945. It was difficult to re-open the Stock Exchange by a Memorandum of Supreme Commander of Allied Powers (SCAP) in September 1945; however, trading was restarted by unofficial group transactions in December of 1945.

The Securities and Exchange Law was enacted in March of 1947, and entirely revised in April 1948. On April 1 1949, three stock exchanges were established in Tokyo, Osaka and Nagoya. Trading on these exchanges began on May 16. In July of that same year, five additional stock exchanges were established in Kyoto (merged into Osaka Securities Exchange in 2001), Kobe (dissolved October 1967), Hiroshima (merged into Tokyo 2000), Fukuoka, and Niigata (merged with Tokyo Stock Exchange March 2000). In addition, the Sapporo Securities Exchange was established April 1950. Japan now has five stock exchanges.

TSE, as Japan's central market, strives to strike a balance between its public responsibility in providing financial infrastructure and its own profitability. TSE's basic corporate governance philosophy seeks to reflect a wide variety of opinions in its management and market operations; to increase transparency of its management by clarifying authorities and responsibilities of its corporate divisions, and increase accountability; to ensure reliable operations as a self regulatory organization, thereby gaining investor and shareholder confidence.

The exchange was only able to operate for 90 minutes on November 1, 2005 due to bugs with a newly installed transactions system. The interruption in trading was the worst in the history of the exchange. Trading was suspended for four and a half hours.

During the initial public offering of J-Com on December 8, 2005, an employee at Mizuho Securities Co., Ltd. mistakenly typed an order to sell 610,000 shares at 1 yen, instead of an order to sell 1 share at 610,000 yen.

http://www.tse.or.jp/english/index.shtml is the English language home page of the Japanese Stock Exchange

The website in Japanese is http://www.tse.or.jp/ It is possible to translate Japanese website information into English if you use altavista and the operating system is able to read Japanese charactering

Trivia

Names for the Japanese Stock exchange in different nations

Tokioter Börse = Germany

Bolsa de Tokio = Spain

Bourse de Tokyo = France

Tokyobörsen = Swedish

Names for city of Tokyo in different languages

Tokio = Dutch, Deutchland, Spain

Tóquio = Portugal

tokyo - Italy

Tokyo (pronounced "toe key o"), means literally "eastern capital", one of the 47 prefectures of Japan the prefecture includes the highly urbanized central area formerly known as the city of Tokyo which is the heart of the Greater Tokyo Area. Although not a single city, the Tokyo metropolis is the capital of Japan and it is home to the Japanese government and emperor. About 12 million people—10 percent of the country's population—live in Tokyo, while approximately 33–35 million people live in the entire Greater Tokyo conurbation, making it effectively part of the most populated urban area on Earth.

Tokyo's rise to prominence can be largely attributed to two men: Tokugawa Ieyasu and Emperor Meiji. In 1603, after unifying the warring states of Japan, Shogun Tokugawa Ieyasu made Edo (now Tokyo) his base of operations.

As a result, the city developed rapidly and grew to become one of the largest cities in the world with a population topping 1 million by the 18th century. It became the de facto capital of Japan even while the emperor resided in Kyoto, the imperial capital.

In 1869, the figurehead 17-year-old Emperor Meiji moved to Edo, which was renamed "Tokyo

Tokyo is located in the Kanto region on the island of Honshu.

Maruyama Okyo was a Japanese Painter, 1733-1795

humour

One explanation for the name of Tokyo is that once a man named Kio was walking along the east coast of Japan and hurt his toe. Here he stopped and set up a house. From that house a city grew. Now in honour of that sore toe the city was named toe-kio.

One website in germany putting itself up as a soccer discussion site called itself a sock exchange,

A popular pun on the name of the city is "Toy Kio" as this is using the Japanese penchant for inventing toys & computer games.

Links on websites on subject

http://www.nasdaq.com/ The homepage of the stock exchange

http://www.cityequities.com/
http://www.moneyweek.com

government_bond information

Other Lonympics sites