In his New Year message, the CEO of Japan Exchange Group (JPX) expressed optimism for the year ahead, extending well wishes for health and prosperity to all. Reflecting on the past year since the launch of the new NISA scheme, he noted a gradual shift in the Japanese economy towards inflation and a growing interest in investment among individuals, indicating progress from “savings to investment.”

JPX has been actively supporting these trends by facilitating easier investment through various platforms. Initiatives such as the Study Group on Small-Size Investments have been instrumental in exploring ways to enable smaller investments. Furthermore, the extension of trading hours and the introduction of a Closing Auction Session have enhanced trading opportunities and transparency in closing price formation.

The CEO highlighted the positive response from companies to the call for “action to implement management conscious of cost of capital and stock price,” emphasizing the need for continuous improvement and reform in the market. The goal is to create an environment where listed companies prioritize enhancing their medium- to long-term corporate value by actively considering capital cost and stock price.

Looking ahead, the CEO acknowledged potential risks in the market, including policy shifts under the new Trump administration and geopolitical uncertainties in various regions. However, he also noted positive developments in the Japanese economy, marked by progress in overcoming deflation, rising prices, and increasing wage growth. Stakeholders have shown support for government efforts to bolster the economy and financial markets through initiatives like corporate governance reform and the Startup Development Five-year Plan.

The CEO expressed confidence in a bullish trend for the stock market in the Year of the Snake, drawing parallels to the snake’s transformative shedding of skin. He anticipated a year of growth and change, symbolizing a fresh start and evolution in the market. With ongoing corporate governance reforms and efforts to promote sustainable growth, there is a sense of optimism for the Japanese financial and capital markets in 2025.

In conclusion, the CEO’s message resonated with hopes for a prosperous year, emphasizing the importance of continuous improvement, adaptation to market dynamics, and a collaborative effort to enhance the appeal of the Japanese market for both domestic and international investors.