Okazaki, Tetsuji; Hamao, Yasushi; Hoshi, Takeo - Center for Advanced Research in Finance, Faculty of … - 2004
This paper examines the development of the Tokyo Stock Exchange since its inception in 1878 to the mid-1930s. Special attention is paid to the increases in the number of listed stocks throughout this period. By the mid-1930s, the Tokyo Stock Exchange had grown to a market bigger (measured...