Contents
Introduction of Australian – Japanese stock exchanges - Australian equity market
- Reserve bank of Australia
- Australian securities & Investment commission (ASIC)
- Australian Competition & Consumer Commission (ACCC)
- Australian Stock Exchange (ASX)
- Australian government
- Australian Prudential Regulation Authority (APRA)
- Japanese Equity market
- Bank of Japan
- Securities & Exchange Surveillance Commission of Japan (SESC)
- National Consumer Affairs Centre of Japan (NCAC)
- Japanese government
- Financial supervisory agency of Japan (FSA)
- Tokyostock exchange (TSE)
- Aberdeen asset management, Australia
- Mitsubishi UFJ financial group Inc – Japan
- Aberdeen & Mitsubishi – Strategic issues
- Australian vs. Japanese equity markets
- Conclusion on Australian vs. Japanese stock exchange
- Bibliography on equity market
Description
The Australian equity marketincreased sharply over the last quarter in 2006 (Permanent Australian Equity Fund 2006). Its return by September was a substantial 24%. However, the overall investment market in Australia experienced significant volatility over the last two months of the present year. The Reserve Bank of Australia cut the target cash rate by 0.25% in September (Legg Mason Growth Trust 2008). During this period, the Australian shares fell by 10.4%. Till 1997, the pace of Japanese financial market reform has generally been slower than that of other industrialized countries such as the UK and the US. There was no major reform implemented in the Tokyo Stock Exchangeuntil 1990s. Consequently, Tokyo’s share of the global equity market was shrinking more and more. Some of the significant characteristic features of Japanese economy are - low tax rates, plenty of economic freedom, and an economic system dominated by the public sector.
