Japan stock splits reduce price of entry into Tokyo market

TSE's average minimum purchase drops to one-seventh of 1989 level

20240105N TSE

A total of 162 companies on the Tokyo Stock Exchange announced stock splits in 2023, the highest since 2018. (Photo by Mizuho Miyazaki)

YUKI OKOSHI, Nikkei staff writer

TOKYO -- The minimum amount needed to trade Japanese shares has dropped dramatically as more listed companies have embraced stock splits.

An investor needed to put up at least roughly 280,000 yen ($1,935) on average to buy a stock on the Tokyo Stock Exchange's Prime market at the end of 2023.

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