Shame Gauge Gets Derivatives as Futures Start on JPX-400
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Japan’s push to make its companies more profitable is about to spread to the derivatives market.
The bourse operator will list futures on the JPX Nikkei Index 400 from Nov. 25, a move analysts say will draw investors as disparate as the Bank of Japan, short-sellers, pension funds and day traders to the underlying measure. The shame gauge, as it’s known, started trading in January and has attracted about $4 billion so far in Japan, including money from the nation’s $1.1 trillion public retirement-savings manager.