Moneyzine
English [GB]
Deutsch
/Investment Guides /Tokyo Stock Exchange (TSE)

Tokyo Stock Exchange (TSE)

Moneyzine Editor
Author: 
Moneyzine Editor
4 mins
September 21st, 2023
Advertiser Disclosure

The Tokyo Stock Exchange, or TSE, is one of the largest stock markets in all of Asia, with over 3.9 million shares exchanging hands each trading day. The exchange supports the trading of bonds and derivatives in addition to equities.

History of the TSE

The history of the TSE dates back to the 1870's, when a securities system was established in Japan and public negotiating for bonds first began. The Tokyo Stock Exchange Co., LTD was established on May 15, 1878, and trading on the exchange began in June of that same year.

Additional Resources
Stock Exchange NASDAQ Stock Exchange New York Stock ExchangeToronto Stock Exchange Stock Market Holidays

Between August 10, 1945 and April 1, 1949, official trading on the exchange was suspended due to the war. After several post-war reorganizations, the TSE emerged as the largest of the five stock exchanges in Japan, including the Sapporo Securities Exchange, Osaka Securities Exchange, Nagoya Stock Exchange, and Fukuoka Stock Exchange in addition to the TSE.

On July 1, 1969, the TSE introduced the TOPIX (Tokyo Stock Price Index), which is a composite index of all the domestic common stocks listed on the exchange. The TOPIX is considered the best indicator of the financial condition of the Japanese stock market.

The TSE is a member of the Japan Exchange Group, Inc., which a is holding company with subsidiaries that also include the Osaka Securities Exchange Co., Ltd. (OSE), as well as Tokyo Stock Exchange Regulation (TSER), and Japan Securities Clearing Corporation (JSCC).

Facts and Figures

The latest report (November 2020) on the Tokyo Stock Exchange indicates there are approximately 3,734 companies listed on the exchange. Some of the other facts and figures associated with the Tokyo Stock Exchange include:

  • Those same 3,734 listed companies have a total market capitalization of $6.59 trillion (USD).

  • Nearly 1 billion trades of stock are exchanged annually on the TSE (November 2020).

  • In November 2020, an average of 3.9 billion shares, worth $8.5 billion (USD) was exchanged daily.

  • The most important index traded on the TSE is the TOPIX, which includes the TOPIX, TOPIX 1000, TOPIX Small, TOPIX 500, TOPIX Mid, TOPIX Core 30, and TOPIX Large 70.

In addition to the TOPIX, the Nikkei 225 is recognized as one of the major international stock indices in the world today.

Tdex+ System

In November 2011, the TSE launched the Tdex+ System, which is an options and futures trading platform. This system claims to be able to process as many as 36,000 orders per second.

Tokyo Stock Exchange Holidays

The Tokyo Stock Exchange is open from Monday through Friday, and observes the following holiday schedule for the calendar years 2021 and 2020.

TSE 2021 Holiday Schedule

DateHoliday
January 1, 2021New Year's Day
January 11, 2020Coming of Age Day
February 11, 2021National Foundation Day
February 23, 2021Emperor’s Birthday
April 29, 2021Showa Day
May 3, 2021Constitution Day
May 4, 2021Greenery Day
May 5, 2021Children’s Day
July 22, 2021Marine Day
July 23, 2021Health Sports Day
August 9, 2021Mountain Day
September 20 2021Respect for the Aged Day
September 23, 2021Autumnal equinox
November 3, 2021Culture Day
November 23, 2020Labor Thanksgiving Day
December 31, 2020Exchange Holiday

TSE 2020 Holiday Schedule

DateHoliday
January 1, 2020New Year's Day
January 2, 2020Exchange Holiday
January 3, 2020Exchange Holiday
January 13, 2020Coming of Age Day
February 11, 2020National Foundation Day
March 24, 2020Vernal Equinox
April 29, 2020Showa Day
May 4, 2020Greenery Day
May 5, 2020Children's Day
May 6, 2020Constitution Day
July 23, 2020Marine Day
July 24, 2020Health Sports Day
August 10, 2020Mountain Day
September 21 2020Respect for the Aged Day
September 22, 2020Autumnal equinox
November 3, 2020Culture Day
November 23, 2020Labor Thanksgiving Day
December 31, 2020Exchange Holiday

TSE Hours of Operation

The standard trading hours for most stock exchange products listed on TSE are 09:00 to 11:00 and 12:30 to15:00. Product-specific trading hours include:

  • Japanese Government Bonds (JGBs) 13:00 to13:30 (09:30 to10:00)

  • Foreign currency-denominated foreign bonds 13:30 to14:00 (10:00 to 10:30)

  • Straight bonds 10:00 to11:00

  • Equity derivatives 09:00 to11:00 and 12:30 to15:10 (09:00 to11:10)

  • JGB derivatives 09:00 to11:00, 12:30 to15:00, and 15:30 to18:00

Note: The trading hours mentioned above are stated in local time Tokyo, Japan. The standard time zone for Tokyo is UTC / GMT +9 hours.

About the Author - Tokyo Stock Exchange (TSE)

Explore Investing Further

Related Content

  • What Can Help You Meet Your Budget While Shopping for Important Items?
    What Can Help You Meet Your Budget While Shopping for Important Items?
    Budgeting while ensuring you don't compromise on quality can seem daunting. Whether filling your pantry, updating your wardrobe, or keeping up with the latest tech, smart shopping strategies are crucial for keeping your finances in check.
    April 2nd, 2024
  • How to Make a Million Dollars in 10 Years
    How to Make a Million Dollars in 10 Years
    Truthfully, this title should actually be “How to Make a Million Dollars in 10 Years Without Going Into Debt", but that is just getting a little too winded for my liking. It’s true though!
    March 26th, 2024
  • How to Apply Maslow’s Hierarchy to Your Money This Year
    How to Apply Maslow’s Hierarchy to Your Money This Year
    You might vaguely remember your psychology teacher talking about Maslow. He pointed at a picture of a triangle as you nodded off in the back of the school room.
    March 27th, 2024
  • How to Tackle Multiple Savings Goals
    How to Tackle Multiple Savings Goals
    When there’s only so much money to go around, there are often multiple savings goals competing for your money. Think of the young professional who’d like to get a more reliable car, buy a house, and save for retirement. Or consider the young family that’s saving for college, retirement, and a bigger house.
    March 22nd, 2024
  • The Countdown to Early Retirement: 10 Expenses to Eliminate
    The Countdown to Early Retirement: 10 Expenses to Eliminate
    Dreaming of waving goodbye to the daily grind five years ahead of schedule? The road to early retirement is paved with more than good intentions; it requires a meticulously crafted strategy with surprising twists. It's not solely about what you should be doing—like diligently saving a portion of your income or investing wisely—but also about what you need to stop doing.
    March 22nd, 2024

Contributors

Moneyzine Editor
Author
Moneyzine Editor
Moneyzine
[email protected]
Moneyzine is your trusted partner in financial empowerment. With our comprehensive guides, user-friendly calculators, and expert tips, we're dedicated to helping you navigate and shape your financial future.
About Us
Useful Links
Explore Moneyzine
Follow us
Statistics
Advertising Disclaimer
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk. When trading in stocks your capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.
Moneyzine 2024. All Rights Reserved.