INTRODUCE

A.BACKROUND

Japan is an island country in East Asia. It is on the western end of

the Pacific Ocean, east of the Sea of Japan, and next door to the People's
Republic of China, Korea, and Russia. The most northern islands located in
the Sea of Okhotsk, and the southernmost in the form of a group of small
islands in the East China Sea, precisely in south Okinawa neighboring
Taiwan.

Japan made up of 6852 islands [8] which makes it as an archipelago. The

main islands from north to south are Hokkaido, Honshu (the largest
island), Shikoku, and Kyushu. Approximately 97% of the land area of Japan
is in fourth biggest island. Most of the islands in Japan is mountainous, and
some of which are volcanic. Japan's highest mountain is Mount Fuji which
is a volcanic mountain. Japan's population of 128 million people, and is
ranked the 10th most populous country in the world. Tokyo is the de facto
capital of Japan, and serves as a prefecture. Greater Tokyo Area is a
designation for Tokyo and several cities are located in the surrounding
prefectures. As the world's largest metropolitan areas, Greater Tokyo Area
of more than 30 millionpeople.

According to traditional mythology, Japan was founded by Emperor Jimmu

in the 7th century BC. Emperor Jimmu started the chain of the Japanese
monarchy uninterrupted until now. Even so, throughout its history, for
most of its real power was in the hands of the court nobility, shogun, the
military, and enters the modern era, in the hands of the prime minister.
According to the Constitution of Japan in 1947, Japan is a constitutional
monarchy under the leadership of the Emperor of Japan and the Japanese
Diet.

As developed countries in the economic field, [9] Japan has a gross

domestic product of the second largest after the United States, and
included in the top three in purchasing power parity. Japan is a member of
the United Nations, G8, OECD and APEC. Japan has sufficient military
power complete with such modern defense system AEGIS and the squad is
large fleet destroyers. In foreign trade, Japan was ranked the 4th largest
exporting country and ranked the 6th largest importing country in the
world. As a developed country, the Japanese population has a high
standard of living (ranked 8th in the Human Development Index) and the
highest life expectancy in the world, according to UN estimates. [10] In the field of
technology, Japan is a developed country in the field of telecommunications, machinery, and
robotics.

B. SCOPE OF PROBLEM

Author formulate several issues, namely:

1.what is tokyo stock exchange ?

2.what a structure of tokyo stock exchange ?

3.how a history tokyo stock exchange ?

4.Hours open or closed in tokyo stock exchange ?

C.WRITING PURPOSE

1. tokyo stock exchange

2.structure of tokyo stock exchange

3.history tokyo stock exchange

4.hours tokyo stock exchange

DISCUSSION

A.TOKYO STOCK EXCHANGE

The Tokyo Stock Exchange ,which is called Tsh or TSE for short, is a stock
exchange located in Tokyo, Japan. It is the fourth largest stock exchange in the world by
aggregate market capitalization of its listed companies, and largest in East Asia and Asia. It
had 2,292 listed companies with a combined market capitalization of US$4.09 trillion as of
April 2015.

In July 2012 a planned merger with the Osaka Securities Exchange was approved by the
Japan Fair Trade Commission. The resulting entity, the Japan Exchange Group (JPX) ,was
launched on January 1, 2013.
B.STRUCTURE TOKYO STOCK EXCHANGE

The TSE is incorporated as a kabushiki gaisha with nine directors, four auditors and
eight executive officers. Its headquarters are located at 2-1 Nihonbashi-kabutocho, Ch,
Tokyo, or "Kabutocho", which is the largest financial district in Japan. Its operating hours are
from 8:00 to 11:30 a.m., and from 12:30 to 5:00 p.m. From April 24, 2006, the afternoon
trading session started at its usual time of 12:30 p.m..

Stocks listed on the TSE are separated into the First Section for large companies, the Second
Section for mid-sized companies, and the Mothers (Market of the high-growth and emerging
stocks) (section for high-growth startup companies. As of October 31, 2010, there are 1,675
First Section companies, 437 Second Section companies and 182 Mothers companies.[5]

The main indices tracking the TSE are the Nikkei 225 index of companies selected by the
Nihon Keizai Shimbun (Japan's largest business newspaper), the TOPIX index based on the
share prices of First Section companies, and the J30 index of large industrial companies
maintained by Japan's major broadsheet newspapers.

Ninety-four domestic and 10 foreign securities companies participate in TSE trading. See:
Members of the Tokyo Stock Exchange

Other TSE-related institutions include:

The exchange's press club, called the Kabuto Club ,which meets on the third floor of
the TSE building. Most Kabuto Club members are affiliated with the Nihon Keizai
Shimbun, Kyodo News, Jiji Press, or business television broadcasters such as
Bloomberg LP and CNBC. The Kabuto Club is generally busiest during April and
May, when public companies release their annual accounts.

On 15 June 2007, the TSE paid $303 million to acquire a 4.99% stake in Singapore Exchange
Ltd

C.HISTORY TOKYO STOCK EXCHANGE

The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo Kabushiki
Torihikijo under the direction of then-Finance Minister Okuma Shigenobu and capitalist
advocate Shibusawa Eiichi. Trading began on June 1, 1878.

In 1943, the exchange was combined with ten other stock exchanges in major Japanese cities
to form a single Japanese Stock Exchange Nippon Shken Torihikisho. The combined
exchange was shut down and reorganized shortly after the bombing of Nagasaki.
The Tokyo Stock Exchange reopened under its current Japanese name on May 16, 1949,
pursuant to the new Securities Exchange Act.

The TSE runup from 1983 to 1990 was unprecedented, in 1990 it accounted for over 60% of
the world's stock market capitalization (by far the world's largest) before falling precipitously
in value and rankings today, but still remains one of the 4th largest exchange in the world by
market capitalization of listed shares.

The current TSE building was opened on May 23, 1988, replacing the original TSE building
from 1931, and the trading floor of the TSE was closed on April 30, 1999, so that the
exchange could switch to electronic trading for all transactions. A new facility, called TSE
Arrows opened on May 9, 2000. In 2010, the TSE launched its Arrowhead trading facility.

In 2001, the TSE restructured itself as a stock company: before this time, it was structured as
an incorporated association with its members as shareholders.

D.TECHNOLOGY PROBLEM

The exchange was only able to operate for 90 minutes on November 1, 2005, due to
bugs with a newly installed transactions system, developed by Fujitsu, which was supposed
to help cope with higher trading volumes. The interruption in trading was the worst in the
history of the exchange.[8] Trading was suspended for four-and-a-half hours.

During the initial public offering of advertising giant Dentsu, in December 2001, a trader at
UBS Warburg, the Swiss investment bank, sent an order to sell 610,000 shares in this
company at 1 each, while he intended to sell 1 share at 610,000. The bank lost 71 million.
[9]

During yet another initial public offering, that of J-Com, on December 8, 2005, an employee
at Mizuho Securities Co., Ltd. mistakenly typed an order to sell 600,000 shares at 1, instead
of an order to sell 1 share at 600,000. Mizuho failed to catch the error; the Tokyo Stock
Exchange initially blocked attempts to cancel the order, resulting in a net loss of US$347
million to be shared between the exchange and Mizuho. Both companies are now trying to
deal with their troubles: lack of error checking, lack of safeguards, lack of reliability, lack of
transparency, lack of testing, loss of confidence, and loss of profits. On 11 December, the
TSE acknowledged that its system was at fault in the Mizuho trade. On 21 December, Takuo
Tsurushima, chief executive of the TSE, and two other senior executives resigned over the
Mizuho affair.

On January 17, 2006, the Nikkei 225 fell 2.8%, its fastest drop in nine months, as investors
sold stocks across the board in the wake of a raid by prosecutors on internet company
livedoor. The Tokyo Stock Exchange closed early on January 18 due to the trade volume
threatening to exceed the exchange's computer system's capacity of 4.5 million trades per day.
This was called the "livedoor shock". The exchange quickly increased its order capacity to
five million trades a day.

E.HOURS

The exchange's normal trading sessions are from 9:00 a.m. to

11:30 a.m. and from 12:30 p.m. to 3:00 p.m. on all days of the week
except Saturdays, Sundays and holidays declared by the Exchange in
advance.The exchange is closed for the following holidays: New Year's
Day, Coming of Age Day, National Foundation Day, Vernal Equinox Day,
Shwa Day, Constitution Memorial Day, Greenery Day, Children's Day,
Marine Day, Respect for the Aged Day, Autumnal Equinox, Health and
Sports Day, Culture Day, Labour Thanksgiving Day, and The Emperor's
Birthday.

CLOSE

A.CONCLUSION

Tokyo exchange where the company's major companies such as in

Japan instill his stock, not only large corporate companies but also the
community as the community jepang.tokyo exchange also accepts foreign
tourists who want to learn to grow share.
 MAKALAH MINI
TENTANG

TOKYO STOCK EXCHANGE

Oleh

Nama:Rakha Danendro Prasetyo

Npm:1601061043
Kelompok:
D3 AKUNTANSI FAKULTAS EKONOMI DAN BISNIS
UNIVERSITAS LAMPUNG

2016/2017