Stocks traded as a percentage of market capitalisation reached 82.3 % in 2019 in Japan, according to OECD. This is 30.8 % less 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 224 %, 22.8 % in Russia and 130 % in South Korea in 2019.
Japan has been ranked 6th within the group of 71 countries we follow in terms of stocks traded as a percentage of market capitalisation, 3 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.