Insights
Facilitating Cycle of Corporate Innovation/Growth and Asset Formation
JPX
We consider the three years from fiscal year 2022 as the first stage in achieving this long-term vision. The slogan of this Medium-Term Management Plan 2024, "Exchange & beyond," embodies our determination to strengthen the traditional function of the exchange, stable market operations, while also advancing in new fields without being overly bound by this framework. We will press ahead with various projects that contribute to improving the attractiveness of Japanese financial and capital markets as a whole and enhance their global competitiveness.
In our role as a core infrastructure supporting fundraising by companies and asset formation by the public, as well as
supporting innovation and growth at companies, we will develop the primary and secondary markets so that the profits
stemming from companies’ efforts generate asset formation among the general public, leading back to further innovation
and growth at companies
Actions
◼ Develop an environment that supports sustainable growth at companies
• Enhancement of financing functionality for growth companies
• Promotion of corporate value improvement at listed companies
• Establishment of IPO ecosystem that contributes to revitalizing regional economies
• Provision of trading opportunities for after delisting etc.
◼ Develop products and rules to contribute to asset formation
• Expansion of the ETF market
Target: 30% increase* in average daily trading value and net assets held in ETFs, etc. in FY2024
*In comparison with FY2021. Average daily trading value excluding leveraged/inverse products. Net assets excluding BOJ purchases
• Revisions to trading rules to allow smooth execution
• Development of an environment enabling secure and easy investment while considering investor protection
• Promotion of listings of cross-border companies, mainly from Asia
Target: 20 listings of cross-border companies in the 3 years of the plan
• Provision of comprehensive financial education including life planning, and strengthening of collaborative activities with industry players etc
◼ Further improve convenience and resilience as a market infrastructure
• Ongoing improvement of systems and their operation, and system replacements
Target: Replacement of cash equity trading system in 2H FY2024, Extension of trading hours at the time of replacement
• Strengthening of BCP function to ensure stable market operations etc.
Related links
Looking ahead to 2030, Japan Exchange Group (JPX) has set a new long-term vision to "contribute to sustainable societal and economic development by evolving into a global, comprehensive finance and information platform* which provides solutions for a wide range of societal issues, centered on the ability to raise and circulate capital."
Looking ahead to 2030, Japan Exchange Group (JPX) has set a new long-term vision to "contribute to sustainable societal and economic development by evolving into a global, comprehensive finance and information platform* which provides solutions for a wide range of societal issues, centered on the ability to raise and circulate capital."
