Japan's Shame Index Tries to Spur Profits
When the Japanese government came up with the idea of creating a stock index to incite better corporate performance and boost the economy, the job of devising the measure fell to Daisuke Tanaka, a lifelong employee of Japan Exchange Group. Launched in January, the JPX-Nikkei Index 400 is changing company behavior even as detractors say it will cause investors to buy overpriced stocks. “I feel glad we’ve made this measure,” says Tanaka. “I’ve no regrets about how we set it up.”
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