Stocks traded as a percentage of market capitalisation reached 119 % in 2018 in Japan, according to OECD. This is 28.2 % more than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Japan reached an all time high of 567 % in 1978 and an all time low of 26.9 % in 1992. When compared to Japan's main peers, stocks traded as a percentage of market capitalisation in China amounted to 207 %, 25.5 % in Russia, 174 % in South Korea and 109 % in USA in 2018.
Japan has been ranked 4th within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 4 places above the position seen 10 years ago.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalisation for the period.