Business · Markets · 7 hrs ago
Japan’s derivatives market struggles to attract individual investors
Japan’s derivatives market has a limited global presence.
Derivatives are financial contracts such as futures and options, traded on exchanges.
Over the decade to 2025, global exchange trading volume grew fivefold, reaching 118.2 billion contracts.
By contrast, Japan Exchange Group’s trading volume was almost flat over the same period.
The group includes Osaka Exchange, and individual investors are a central part of derivatives trading.
Tax rules are cited as one barrier to attracting more individual investors, though the details are not given.
Improving conditions for individual investors is key to strengthening Japan’s market.
Japan’s derivatives market has struggled to attract individual investors, while global trading has expanded sharply.
Global exchange-traded derivatives volume reached 118.2 billion contracts in 2025, five times its 2015 level, according to FIA data cited by Nikkei.
Trading volume at Japan Exchange Group, which owns Osaka Exchange, was almost flat over the same period.
Nikkei said improving conditions for individual investors is key to strengthening the market.
The article’s headline identified tax rules as one barrier.
- Who
- Japan Exchange Group and individual investors in Japan’s derivatives market.
- What
- Japan’s market has failed to keep pace with global growth in derivatives trading.
- When
- Over the 10 years to 2025.
- Where
- Japan, including Osaka Exchange.
- Why
- The article points to tax rules as a barrier and says the environment for individual investors needs improvement.
This story does not have two clearly opposing sides.
Global exchange-traded derivatives volume was at its level before a subsequent fivefold increase.
Global volume reached 118.2 billion contracts, while Japan Exchange Group’s trading volume was almost flat over the 10-year period.
- Global derivatives volume, 2025
- 118.2 billion contracts
- Global volume growth, 2015–2025
- Fivefold
- Japanese exchange group
- Japan Exchange Group (JPX)
- JPX’s derivatives trading volume
- Almost flat over the 10-year period
- Market operator
- Osaka Exchange is owned by JPX