Japan launches Prime 150 stocks benchmark to help investors identify value

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The new JPX Prime 150 Index, which launched Monday, is a curated list of 150 biggest Tokyo listings including the likes of Sony Group, Hitachi, Nintendo.

"Increasing the value of listed companies is essential for the expansion and revitalization of the market," Takahiro Miura, Japan Exchange Group's market innovation and research director of index business, told CNBC Monday.

It means these companies have the same level of price-to-book ratios, return on equity and earnings-per-share growth rate, he said, adding that each company has a market capitalization of at least 1 trillion yen.

 

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