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JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
Every month, we showcase the highlights of these efforts in short and concise summaries just for you.
For the purpose of acquiring cutting-edge expertise in the digital asset space, JPX has made a minority investment in Digital Asset Markets, Inc., a crypto-asset exchange service provider which handles a crypto asset (Zipangcoin) issued by Mitsui & Co. Digital Commodities, a subsidiary of Mitsui & Co.Zipangcoin is a crypto asset that aims to be roughly linked to the price of gold, providing convenience and enabling small-lot trading for retail investors through digitalization.By deepening our partnership with the company and affiliated companies, JPX aims to develop new business areas within the Group.
The United Nations designated March 8 as "International Women's Day." To celebrate, Exchanges around the world hold a "Ring the Bell for Gender Equality" ceremony every year. JPX agrees with the purpose of this ceremony, and with consideration given to the current circumstances surrounding the Covid-19 pandemic, the bell ceremony was held and commemorative photographs were taken of our female employees.
TSE and the Ministry of Economy, Trade, and Industry (METI) jointly selects and announces the Health & Productivity Stock Selection. TSE and METI have recognized TSE-listed companies which have strategically carried out efforts with regard to their employees' health from a management perspective.
For the eighth year, we selected 50 enterprises in 32 industries by assessing the responses collected through the Health and Productivity Survey and considering financial indicators based on five criteria:
(1) Management principles (management awareness),
(2) Organizational structure,
(3) Implementation of systems and measures,
(4) Evaluation and improvement, and
(5) Compliance and risk management.
TSE aims to promote health and productivity management for listed companies by introducing attractive companies for investors who place emphasis on improving corporate value from a long-term perspective.
JPX has endorsed the "GX (Green Transformation) League Basic Concept" as published by the Ministry of Economy, Trade and Industry (METI).
The GX (Green Transformation) League calls for companies to actively work on GX, aims for GX through cooperation between the government, academic, and economic industries, and acts as a forum for discussing the transformation of the overall economic and social systems and creating new markets accordingly.
In addition, the GX League Basic Concept proposes the creation of a carbon credit market in order to successfully build a carbon pricing system. JPX would like to give its full cooperation to every possible aspect of this project, utilizing its experience and knowledge of market operations to the furthest extent possible to create the required market.
TSE introduced the ETF Market Making Scheme in 2018 in an effort to improve liquidity in the ETF market.
Currently, there are 12 market makers registered in our market. TSE presented awards to three ETF market makers who have made significant contributions to the ETF market since 2021.
This year, VivCourt, Optiber, and Flow Traders were honored as the Best Market Makers and five other companies were honored as Good Market Makers.
Market makers' vigorous performances allow investors to trade affordably and lead to market expansion. Daily trading value of foreign stock ETFs averaged approximately JPY 1 billion in 2018 before the introduction of the ETF Market Making Scheme and increased to approximately JPY 10.5 billion in 2021.
TSE continues to make efforts to further expand the ETF markets.
TSE and the Ministry of Economy, Trade and Industry jointly select listed companies that are outstanding in terms of encouraging women's success as Nadeshiko Brand Stocks. These consist of TSE listed companies that are advancing initiatives to encourage women's participation in the workplace, such as by creating environments conducive to retaining female talent. The initiative aims to garner interest toward such companies among investors and to accelerate efforts in encouraging women's development in listed companies. This initiative is now in its tenth year. Each year, the selection committee assesses all TSE listed companies. This year, out of approximately 3,800 companies, 50 across 27 sectors were selected by evaluating the actions they have taken towards diversity-focused management in order to improve corporate value and how these actions are disclosed.
JPX and S&P Dow Jones Indices (S&P DJI) have joined forces to increase transparency and support the growth of the Environmental, Social and Governance (ESG) market in Japan with the launch of the S&P/JPX 500 ESG Score Tilted Index Series. TOPIX 500 is composed of the 500 TOPIX constituents with the highest liquidity and market capitalization and the S&P/JPX 500 ESG Score Tilted Index Series are the first TOPIX 500-based ESG indices. For more information, please refer to the following websites.
JPX formulated its Medium-Term Management Plan for the three years from FY2022 to FY2024.
JPX establishes our long-term vison to be achieved by 2030 titled "Target 2030" in which JPX will contribute to sustainable social and economic development by evolving into a comprehensive global finance and information platform which provides solutions for a wide range of social issues, centered on the ability to raise and circulate capital.
JPX positions the "Medium-Term Management Plan 2024" as the first stage of progress towards "Target 2030." The slogan "Exchange & beyond" contains our intention that we drive new initiatives without being overly constrained by framework while enhancing our function as a traditional exchange to ensure stable market operations.
JPX remains committed to developing a diverse range of initiatives to contribute the attractiveness of the Japanese financial and capital markets under global market competitiveness.