The Asia ex-Japan (AxJ) market refers to the equity markets of countries in the Asia-Pacific region excluding Japan. This market is also sometimes referred to as the Asia-Pacific ex-Japan (APxJ) market.
The AxJ market is one of the largest and most liquid emerging markets in the world. It is home to some of the fastest-growing economies in the world, such as China and India.
The AxJ market offers investors a wide range of investment opportunities. These include traditional blue-chip companies, as well as smaller, more dynamic companies.
There are a number of different indexes that measure the performance of the AxJ market. The most widely followed is the MSCI Asia ex-Japan Index.
What is Pacific ex Japan?
Pacific ex Japan is a market index that measures the performance of stocks in the Pacific region excluding Japan. The index is composed of stocks from eight countries in the Pacific region: Australia, China, Hong Kong, Indonesia, Malaysia, New Zealand, Philippines, and Singapore. How many countries are in Asia? There are 48 countries in Asia, according to the United Nations.
Why is Japan separated from Asia?
There is no one answer to this question as it is a complex issue with a variety of historical, political, and geographical factors. However, some of the key reasons why Japan is often considered to be separate from the rest of Asia include its unique culture, history, and economy.
Japan has a very distinct culture that is different from the rest of Asia. For example, the country has its own unique writing system, cuisine, and way of life. Additionally, Japan has a long history of isolation from the rest of the world. For centuries, the country was closed off to foreigners and had very little contact with the rest of Asia. As a result, Japan developed its own unique culture that is quite different from the rest of Asia.
Japan also has a very strong economy, which is another reason why it is often considered to be separate from the rest of Asia. Japan is the third largest economy in the world and is home to some of the world’s largest companies, such as Toyota, Sony, and Nissan. Additionally, Japan has a very high standard of living, and its citizens are some of the wealthiest in the world.
There are also political factors that contribute to Japan’s separation from the rest of Asia. For example, Japan is a democracy, while many Asian countries are not. Additionally, Japan is a member of the United Nations, while many Asian countries are not. These political differences can further contribute to the perception that Japan is separate from the rest of Asia.
Is Japan a developed or emerging market? Japan is a developed market, according to the widely used MSCI classification. MSCI defines developed markets as "markets with large and mature capital markets, where investors have access to a wide range of investment products and services and where a large number of professional investors are active."
Some other common classification systems also consider Japan to be a developed market. For example, the FTSE Russell classification system considers Japan to be a "advanced economy." The World Bank also considers Japan to be a "high-income economy."
What does Asia ex Japan mean?
The term "Asia ex Japan" is typically used to refer to the Asian continent minus Japan. This can be used in reference to investment strategies, geographies, and market indices.
For example, when looking at an Asian equity fund, one might want to know what percentage of the fund is invested in Japan. In this case, the "ex Japan" designation would help to provide context.
Similarly, an index that tracks the performance of stocks in Asia ex Japan would exclude Japanese stocks from the index.
Generally speaking, the "ex Japan" designation is used to help distinguish between different regional sub-sets within Asia.