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© KYODOToyota, SoftBank Group among top-tier firms in Tokyo bourse shakeup
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JeffLee
Strange that Softbank is mentioned in the first sentence. Its stock on the NYSE has lost nearly 40% of its value last year and over 30% on the TSE, even while the NASDAQ rose 25%. LOL.
Its Vision Fund to set to lose even more in the face of higher interest rates in the US and the shift away from growth stocks. Nothing "Prime" about that!
descendent
@JeffLee -- Short term stock price performance is not one of the criteria for listing, nor should it be.
SDCA
What happened to Japan? Korea is starting to look like a better destination for foreign investors. We need to encourage more foreign investments in accelerators and incubators because those are the future! Also need to look into expanding beyond Tokyo into areas like Fukuoka, Kobe, Hokkaido.
JeffLee
@descendent
Yeah, I know that. I thought it was strange if not ironic that of 1,841 companies Kyodo could have cited as "Prime," it chose one whose value has dropped 40 percent over the past year. I could have added that Softbank's market value is only around half the value of its assets and probably set to fall further. Not exactly a "prime" stock. LOL.
Japan's market should fare quite well in 2022. Interest rates will still be low, unlike most other countries, with inflation kept at bay, and the govt will still be issuing plenty of stimulus.