TOPIX Celebrates 40th Anniversary
Tokyo, July 1, 2009 – Today, Tokyo Stock Exchange, Inc. (TSE) celebrates the 40th anniversary of TOPIX, Tokyo Stock Price Index, since its launch on July 1, 1969.
TOPIX was developed as a stock market indicator to reflect Japan’s stock market more accurately, and now it is used in a leading economic indicator issued by Japanese Government, as well as being used in a variety fields including academics, as it has a long history of statistical data*.
Institutional investors including pension funds choose TOPIX as a benchmark for Japanese equities investment and it is also used in financial products such as Exchange Traded Funds (ETF) or index futures.
TSE will continue responding to the needs of market participants and reporting the trends of the Japanese stock market through TOPIX,.
Source: Tokyo Stock Exchange Index