Japan Exchange Group (JPX) and Nikkei are at the final stages before releasing a new JPX-Nikkei Index 400 benchmark. The new index, which is set to be launched on January 6, will track 400 stocks out of 3,400 firms listed on the Tokyo Stock Exchange (TSE). This will be the first index globally where return on equity will be used in the constituents’ selection process. “We believe by selecting appealing companies it will develop further investors’ appetite and our aim is to make this index a be