Download This PaperCharacteristics of Japan’s Commodities Index and its Correlation with Stock Index
11 Pages Posted: 7 Sep 2009 Last revised: 15 Oct 2009
Date Written: September 7, 2009
Abstract
The commodity indexes associated with Japan’s commodity - futures markets were formed in 2008 and publicized by the Tokyo Commodity Exchange and the Tokyo Grain Exchange. In this paper, I used these indexes to analyze the properties of Japan’s commodity futures as portfolio investments, and could confirm that they possess investment characteristics that differ from stocks, and that commodity investors can enjoy favorable “diversified investment” effects if leveraged skillfully.
Keywords: commodity futures; commodity index; Japan
JEL Classification: G19
Suggested Citation: Suggested Citation
Yamori, Nobuyoshi, Characteristics of Japan’s Commodities Index and its Correlation with Stock Index (September 7, 2009). Available at SSRN: https://ssrn.com/abstract=1469517 or http://dx.doi.org/10.2139/ssrn.1469517
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