Reflecting this environment, FTSE Russell and Nomura Securities Co., Ltd. announced earlier this week that 151 new stocks were added to the Russell/Nomura Total Market Index as part of its annual rebalance, effective 20 November. And, importantly, the total market capitalization of the Index, which captures 98% of the float-adjusted market capitalization of the Japanese equity market, rose 28% from last year's rebalance.
Catherine Yoshimoto, senior product manager, FTSE Russell:
"We certainly saw a rise in the Japan equity market in the last year as reflected by the growth of the Russell/Nomura Total Market Index, which is not unexpected given the solid GDP growth in Japan. Interestingly, in the last year among Japanese stocks, we have seen a shift toward value orientation for the Land Transportation and Retail Trade sectors and a shift toward growth orientation for the Electric Appliances, Chemical and Machinery sectors."
To view a 2016 research paper highlighting key design features of these indexes - Russell/Nomura Japan Equity Indexes: 20 years of excellence - go to the FTSE Russell website.
 Source: FTSE Russell. Data from October 14, 2016 through October 13, 2017. Past performance is no guarantee of future results. Please see the end for important legal disclosures.
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