Japan's MTICCC Takes Center Stage [Seeking Alpha]
JAPAN EXCH GRP UNSP/ADR (JPXGY)
NASDAQ:AMEX Investor Relations:
jpx.co.jp/english/corporate/investor-relations
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Source: Seeking Alpha
in the Japanese stock market, with the Nikkei surpassing its 1989 high and the 40,000 level. Japan is trying to shift from a cash-hoarding culture to an investment culture, with reforms like the Doubling Asset-Based Income Plan and changes to NISA accounts to encourage equity investments. The Japan Exchange Group is encouraging companies that adhere to MTICCC principles, and there's a broader push for asset management industry reform and accountability to shareholders. By Jeff Weniger, CFA Who would have thought that such a benign phrase as “Management That Is Conscious of Cost of Capital” (MTICCC from here on) could be a driver of bullish spirits in a stock market? Though the artificial intelligence (AI) frenzy deserves a hat tip for the Japanese stock market's recent vertical run, MTICCC is probably a bigger driver. The Nikkei has taken out both the long-standing 1989 high and also the psychologically critical 40,000 level. Figure 1: Nikkei 225 For months, the catch-al
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