The Japanese stock market is one of the oldest and largest stock exchanges in Asia. The Tokyo Stock Exchange (TSE) is the most famous stock exchange in Japan and lists many household company names like Sony, Toyota, and Panasonic. The main indices for the TSE are the Nikkei 225 and TOPIX, which are important market indicators widely followed by global investors.
To trade Japanese stocks, please follow the steps below:
Go to Markets > JP > Tap a specific Japanese stock
Or go to Watchlist > Tap the Search icon in the upper right corner > Enter a stock symbol
The Tokyo Stock Exchange operates from Monday to Friday during standard trading hours.
|
|
Tokyo Time |
Singapore Time |
Description |
|
Auction Trading Session (Morning Session) |
08:00 - 09:00 |
07:00 - 08:00 |
Orders can be placed, edited, or cancelled, but won't be matched during this session.
|
|
Morning Trading Session |
09:00 - 11:30 |
08:00 - 10:30 |
Orders can be placed, edited, or cancelled, and will be matched during this session.
|
|
Morning Session Close
|
11:30 - 12:05
|
10:30 - 11:05
|
Orders can be placed but will be queued before submitting to the exchange when the market opens The exchange will neither accept orders nor match them during this time. |
|
Auction Trading (Afternoon Session) |
12:05 - 12:30 |
11:05 - 11:30 |
Orders can be placed, edited, or cancelled, but won't be matched during this session.
|
|
Afternoon Trading Session |
12:30 - 15:25 |
11:30 - 14:25 |
Orders can be placed, edited, or cancelled, and will be matched during this session. |
|
Closing Auction |
15:25 - 15:30 |
14:25 - 14:30 |
Orders can be placed, edited, or cancelled, but won't be matched during this session. |
|
Market Close |
15:30 - 08:00 Next Day
|
14:30 - 07:00 Next Day |
Any unfilled day orders will be cancelled. |
Notes:
The auction trading session is from 7:00 AM to 8:00 AM Singapore Time(SGT) and determines the day's opening price. The morning trading session ends at 10:30 AM SGT and establishes the morning's closing price. The closing auction session lasts from 2:25 PM to 2:30 PM SGT and establishes the day's closing price. For more information on the closing auction, click here.
The Tokyo Stock Exchange does not have pre-market and post-market trading sessions like the US stock market.
In addition to weekends and public holidays, the Tokyo Stock Exchange may be closed on certain days as specified on the website.
The minimum trading unit for Japanese stocks is usually 100 shares (lot size), but different minimum units may apply to certain stocks.
Note: Fractional trading is currently not supported for Japanese stocks.
The minimum price increment of Japanese stocks is usually determined by the stock price level. *Stocks with higher liquidity in the TOPIX index will adopt smaller price increments.
|
Stock Price in JPY
|
Minimum Price Increment in JPY |
|
|
TOPIX100 Constituents |
Other
|
|
|
￥1,000 or less |
￥0.1 |
￥1 |
|
Above￥1,000 ～ ￥3,000 or less |
￥0.5 |
￥1 |
|
Above￥3,000 ～ ￥5,000 or less |
￥1 |
￥5 |
|
Above￥5,000 ～ ￥10,000 or less |
￥1 |
￥10 |
|
Above￥10,000 ～ ￥30,000 or less |
￥5 |
￥10 |
|
Above￥30,000 ～ ￥50,000 or less |
￥10 |
￥50 |
|
Above￥50,000 ～ ￥100,000 or less |
￥10 |
￥100 |
|
Above￥100,000 ～ ￥300,000 or less |
￥50 |
￥100 |
|
Above￥300,000 ～ ￥500,000 or less |
￥100 |
￥500 |
|
Above￥500,000 ～ ￥1,000,000 or less |
￥100 |
￥1,000 |
|
Above￥1,000,000 ～ ￥3,000,000 or less |
￥500 |
￥1,000 |
|
Above￥3,000,000 ～ ￥5,000,000 or less |
￥1,000 |
￥5,000 |
|
Above￥5,000,000 ～ ￥10,000,000 or less |
￥1,000 |
￥10,000 |
|
Above￥10,000,000 ～ ￥30,000,000 or less |
￥5,000 |
￥10,000 |
|
Above￥30,000,000 ～ ￥50,000,000 or less |
￥10,000 |
￥50,000 |
|
Above￥50,000,000 |
￥10,000 |
￥100,000 |
*Note: For the list of stocks with smaller price increments, please refer to the exchange's official website.
Stock prices are determined in real time based on the balance between bids and asks. However, prices cannot not reach 10 or 20 times the opening price during the day. This is because the Tokyo Stock Exchange sets a price range, known as the "daily price limit", within which price fluctuations are limited in a single trading day.
In rare cases, the exchange may increase a stock's price limit. For example, if a stock does not see any trading volume for several consecutive days due to daily price limits after the release of significantly bullish or bearish news, the exchange may increase the price limit.
|
Base Stock Price in JPY |
Daily Price Limit in JPY (±) |
|
Less than ￥100 |
￥30 |
|
￥100 or more ～ ￥200 |
￥50 |
|
￥200 or more ～ ￥500 |
￥80 |
|
￥500 or more ～ ￥700 |
￥100 |
|
￥700 or more ～ ￥1,000 |
￥150 |
|
￥1,000 or more ～ ￥1,500 |
￥300 |
|
￥1,500 or more ～ ￥2,000 |
￥400 |
|
￥2,000 or more ～ ￥3,000 |
￥500 |
|
￥3,000 or more ～ ￥5,000 |
￥700 |
|
￥5,000 or more ～ ￥7,000 |
￥1,000 |
|
￥7,000 or more ～ ￥10,000 |
￥1,500 |
|
￥10,000 or more ～ ￥15,000 |
￥3,000 |
|
￥15,000 or more ～ ￥20,000 |
￥4,000 |
|
￥20,000 or more ～ ￥30,000 |
￥5,000 |
|
￥30,000 or more ～ ￥50,000 |
￥7,000 |
|
￥50,000 or more ～ ￥70,000 |
￥10,000 |
|
￥70,000 or more ～ ￥100,000 |
￥15,000 |
|
￥100,000 or more ～ ￥150,000 |
￥30,000 |
|
￥150,000 or more ～ ￥200,000 |
￥40,000 |
|
￥200,000 or more ～ ￥300,000 |
￥50,000 |
|
￥300,000 or more ～ ￥500,000 |
￥70,000 |
|
￥500,000 or more ～ ￥700,000 |
￥100,000 |
|
￥700,000 or more ～ ￥1,000,000 |
￥150,000 |
|
￥1,000,000 or more ～ ￥1,500,000 |
￥300,000 |
|
￥1,500,000 or more ～ ￥2,000,000 |
￥400,000 |
|
￥2,000,000 or more ～ ￥3,000,000 |
￥500,000 |
|
￥3,000,000 or more ～ ￥5,000,000 |
￥700,000 |
|
￥5,000,000 or more ～ ￥7,000,000 |
￥1,000,000 |
|
￥7,000,000 or more ～ ￥10,000,000 |
￥1,500,000 |
|
￥10,000,000 or more ～ ￥15,000,000 |
￥3,000,000 |
|
￥15,000,000 or more ～ ￥20,000,000 |
￥4,000,000 |
|
￥20,000,000 or more ～ ￥30,000,000 |
￥5,000,000 |
|
￥30,000,000 or more ～ ￥50,000,000 |
￥7,000,000 |
|
More than ￥50,000,000 |
￥10,000,000 |
The exchange may use specific measures to restrict the trading of certain stocks that carry risks, including but not limited to imposing a trading halt, lowering the price limit, increasing margin requirements, prohibiting margin trading, etc. For details, please refer to the exchange announcements.
For more details about trading fees, click <link>.
Supported order types
Limit Order
Market Order
Stop Limit Order
Stop Order
Limit-If-Touched Order
Market-If-Touched Order
Trailing Stop Limit Order
Trailing Stop Order
Pre-set orders
You can place pre-set orders during non-trading hours. These orders will be queued for execution until the market opens.
To place pre-set orders for the afternoon session:
Submit pre-set orders after the morning session closes at 10:30 Singapore Time.
To place pre-set orders for the next trading day:
Submit pre-set orders after the current day's market closes at 14:30 Singapore Time.
Set time-in-force when placing an order. Time-in-force can be Day or GTC (Good-Til-Cancelled).
Day
A Day order is active until the market closes on the day it was placed, after which the order will be cancelled.
GTC
A GTC order remains active for 90 days until the order is fully filled, cancelled or experiences order failures. After 90 days, any unfilled GTC orders will be cancelled.
The Japanese stock market adopts a T+2 settlement cycle, meaning that Japanese stocks settle 2 business days after the transaction day (T+2).