The structure of the Japanese stock market

Yasuhiro Yonezawa, Kazuhiro Miyake

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

The Japanese stock market is characterized by two prominent features. First, stock prices have been extremely volatile over the past ten years. Second, the market is dominated by cross-shareholdings and stagnant individual stock ownership. So, there are two purposes on this paper. The first is to assess the effects of stock cross-holdings on the stock market. The second is to look at recent stock price fluctuations, in the bubble period before 1990 and during the subsequent collapse. It will be recognized that these two features are interrelated.

Original languageEnglish
Pages (from-to)1-28
Number of pages28
JournalAsia-Pacific Financial Markets
Volume5
Issue number1
Publication statusPublished - 1998
Externally publishedYes

Fingerprint

Japanese stock market
Stock prices
Ownership
Fluctuations
Cross-holdings
Cross-shareholding
Bubble
Stock market

Keywords

  • Bubble
  • Corporate governance
  • Japanese stock market
  • Stock cross-shareholdings

ASJC Scopus subject areas

  • Finance

Cite this

The structure of the Japanese stock market. / Yonezawa, Yasuhiro; Miyake, Kazuhiro.

In: Asia-Pacific Financial Markets, Vol. 5, No. 1, 1998, p. 1-28.

Research output: Contribution to journalArticle

Yonezawa, Yasuhiro ; Miyake, Kazuhiro. / The structure of the Japanese stock market. In: Asia-Pacific Financial Markets. 1998 ; Vol. 5, No. 1. pp. 1-28.
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