It generating some of the best business minds

  It is a known fact that, Japan is a leading country in theworld in almost every area one could think of, Businesses, Education,Technology, Sports, Culture, Politics, military there is not a single areawhere one can point out as something Japan isn’t good at. Their achievementsare mainly backed by innovative decisions and resilient nature of Japanesepeople. Japan holds one of the strongest economies in the world and they haveimmense financial strength to support their future causes as well. Evidently,it is not a surprise to see Japan generating some of the best business minds inthe field because innate resiliency and innovativeness of Japanese people arekey elements to make the ideal businessman of the 21st century.Establishment of JPXOn January 1st 2013, Japan took a huge leapto the future by merging Tokyo Stock Exchange (TSE) and Osaka SecuritiesExchange (OSE) to establish Japan Exchange Group (JPX).

The merge between thesetwo domestic rivals has triggered a huge financial movement in Japan. As aresult, Japan Exchange Group was sky rocketed to the 3rd position inthe global market on its debut. With their solid start as a newly formed stockmarket they become the largest stock market in Asia. The former president of OSE, Michio Yoneda himselfdescribed it as “a step towards revitalization of the Japanese economy” onmedia. This attempt was taken in order to make Japanese Stock Market morerelevant and to keep up to date with rapid growing global developments. AtsashiSaito, former CEO of Tokyo Stock Exchange also gave his verdict on JPX bysaying, “The merge between two markets should attract more investors andbusinesses to JPX since they are offering wide range of products and uniqueservices as a combined market”Sofar, So good?Up to this day, it has been a roughly 5 years sincethe formation of Japan Exchange Group and it was a fairly smooth ride for themin global market.

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After 5 years period, they still managed to secure theirdominant position in Stock Market. It is a substantial feat for them since JPXis a somewhat “rookie” company in the Stock Market. But, according to financialanalyst, Stephan Baker, they still managed to compete on par with someinternationally renowned stock exchanges such as New York Stock Exchange(NYSE), NASDAQ and London Stock Exchange.WillJPX survive on the long run?It is an undeniable fact that, stock market is alwaysan unpredictable ground for all kinds of businesses. Its ever changing naturemakes it harder for Stock exchanges to get adapted to its environment as theyhope. This is also applicable to JPX, since they also faced few drawbacks inthis period. The struggle of subprime loan system, excessive dark pools instock market, deflation and European fiscal crisis are some noteworthy situationsthat badly impacts on whole Japanese stock market including JPX.Apart from that, JPX should overcome their lack ofinfluence in global stage compared to their rivals.

Since huge portion ofJapanese economy relies on export (automobiles, electronic appliances etc.)global market is something they have to prioritize at all cost.According to latest records, only 11 out of 2276companies are listed as foreign in Tokyo Stock Exchange, what used to be127foreign companies in 1991.

This proves how desperately JPX needs a remedialfor their global outreach program. Due to their weak global influence, severalexchange groups are now trying to capitalize on this opportunity to gainadditional market shares to themselves by providing alternative tradingplatforms to possible foreign and domestic companies. Japannext and Chi-X arethe front running exchanges to threaten JPX. Current condition puts JPX in acritical situation where they have a risk of getting isolated in internationalstock market.Newinsights for a better futurePutting all negatives aside, JPX still managed to keepup with their counterparts despite they still have more room for improvements.

In their annual report of 2017, they provide enoughevidences to their possible investors by showing their excellent numbers inmarket growth and profits in recorded year. It seems like JPX has learnt fromtheir past setbacks. They are trying to move forward from their past mistakesin order to achieve a better position in the upcoming year. Akira Kiyota,Director and group CEO of JPX mentioned on Reuters that they are implementing a’2nd term management plan in order to have a different approach toglobal market by enhancing their strengths further and providing fresh productsand services to meet the demands of wide range of investors.Hopefully, they will live up to old Japanese saying,”Ochiru 7-kai tachiagaru 8″ fall seven times, stand up 8.