One of the mantras (a taliman) of capitalist economy is that bigger is better. After all a big fish can eat the smaller one. This would have resulted in smaller fishes going extinct. This has not happened. And this is not in the realm of metaphor only. Even in the economic, business and financial world small operators have not all disappeared. In India, for example, the unorganized sector is biggest sector.
These thoughts came to mind because of the news that Tokyo Stock Exchange (TSE), that hosts the famed Nikkei Index, has been decided to merge with Osaka Stock Exchange to boost Japanese business. The merged bourse will be the biggest equity market in Asia. Japan lost its numero uno position in sales to China and this move their recipe to regain their position. May be it will work one can not ignored that China is a late arrival on the business scene and has not still reached its full potential. It is not going to be a cake walk to leave behind a galloping country. China is US's main worry because of this reason only and Japan has been reduced to one of the worries.
These thoughts came to mind because of the news that Tokyo Stock Exchange (TSE), that hosts the famed Nikkei Index, has been decided to merge with Osaka Stock Exchange to boost Japanese business. The merged bourse will be the biggest equity market in Asia. Japan lost its numero uno position in sales to China and this move their recipe to regain their position. May be it will work one can not ignored that China is a late arrival on the business scene and has not still reached its full potential. It is not going to be a cake walk to leave behind a galloping country. China is US's main worry because of this reason only and Japan has been reduced to one of the worries.