of New York Stock Exchange (NYSE) When Tokyo Stock Exchange (TSE) We have joined forces to support cross-border investment between Japan and the United States.
To revitalize cross-border investment between the two countries and develop capital markets, the two exchanges have agreed to cooperate in three key areas.
- Development of investment products
- Marketing activities targeting Japanese and US investors
- Information exchange on sustainability, the use of digital technology, market operations and other topics.
The two exchanges finalized the deal during a visit by the Prime Minister of Japan to the New York Stock Exchange. Fumio Kishida.
Lynn MartinThe president of the New York Stock Exchange said the agreement represents a significant evolution in the longstanding relationship between the exchanges and will support cross-border investment between the world’s two major economies.
Prime Minister Kishida’s participation in signing this agreement during his visit to the New York Stock Exchange underscores the importance of our two countries’ capital markets and the important role that public companies play in the lives of our citizens. We are thrilled to expand our relationship with the Tokyo Stock Exchange and look forward to working together for years to come.
Hiromi Yamaji, The president of the Tokyo Stock Exchange added:
“By further strengthening and developing our cooperative relationship with the world’s largest exchange, the NYSE, we will increase the diversification of investment products between the two exchanges, enhance cooperation in information dissemination, and strengthen cooperation with investors and other stakeholders.” We hope to meet the expectations of
NYSE and TSE signed a cooperation agreement in February 2000 and also established a strategic alliance in January 2007. The two exchanges have now agreed to strengthen and further their relationship to promote and support the development of the business of both exchanges.
“Through cooperation with the NYSE, the Japan Exchange Group and the Tokyo Stock Exchange will play a role as basic capital market infrastructure and contribute to the further development of the capital markets of both Japan and the United States,” Yamaji said.