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Kakaku Yusen

What is 'Kakaku Yusen'

The system of pricing that is used by the Tokyo Stock Exchange. Under the Kakaku Yusen system, a lower-priced trade is given priority over a higher-priced trade for a sell order. Conversely, higher-priced trades take precedence over lower-priced trades for buy orders.

Explaining 'Kakaku Yusen'

The Kakaku Yusen system serves as a tiebreaker for trades that are received or placed at the same time. This system is complementary to the exchange's other tiebreaker mechanism, which gives priority to an earlier-placed trade when two trades come in at the same price. The Kakaku Yusen system is opposite of how trades are filled on American exchanges.


Further Reading


The Japanese economy in crises: A time series segmentation study
www.econstor.eu [PDF]
… www.economics-ejournal.org … There is thus an urgent need to restart the Japanese economic engine … it is funda- mentally misguided to rake up a huge deficit to finance public works, finance this deficit by issuing bonds, and hope that the public spending will revive the economy …

The Works of Japanese Business Historians in 1984: Business History of JapanThe Works of Japanese Business Historians in 1984: Business History of Japan
www.jstage.jst.go.jp [PDF]
… www.economics-ejournal.org … There is thus an urgent need to restart the Japanese economic engine … it is funda- mentally misguided to rake up a huge deficit to finance public works, finance this deficit by issuing bonds, and hope that the public spending will revive the economy …

The Second World War and the Controlled EconomyThe Second World War and the Controlled Economy
link.springer.com [PDF]
… www.economics-ejournal.org … There is thus an urgent need to restart the Japanese economic engine … it is funda- mentally misguided to rake up a huge deficit to finance public works, finance this deficit by issuing bonds, and hope that the public spending will revive the economy …



Q&A About Kakaku Yusen


What does NYK stand for?

NYK stands for Nippon Ysen Kabushiki Kaisha.

How long has the company been in business?

The company has been in business since 1875.

What is the name of the system used by the Tokyo Stock Exchange?

Kakaku Yusen.

How does this system work for sell orders?

A lower-priced trade takes precedence over a higher-priced trade.

What does "Kakaku" mean in Japanese?

Low price.

Is this system complementary to another tiebreaker mechanism or is it a stand alone tiebreaker mechanism?

This system acts as a complement to another tiebreaker mechanism that gives priority to an earlier placed trade when two trades come in at the same time. The other tie breaker is called "first come, first served." First Come, First Served (FCFS) means that if there are two orders at the same price, then whoever places their order first gets filled first and whoever places their order second gets filled second even if they have a better price than someone else who came later. FCFS can be very unfair because you might place your order early but then some other trader comes along and buys all of your stock before you get any chance to buy any of theirs so you end up losing out on making money just because you were unlucky enough to place your order after them even though they had worse prices than yours! So FCFS doesn't always give priority to those with better prices which is why we need something like Kakaku Yusen as well so that we don't have traders getting screwed over by bad luck and ending up having worse prices than others who happened to get their orders in earlier even though they had worse prices than them! If we didn't have something like Kakaku Yusen then people would be able to game the market by placing multiple small sell/buy orders instead of one

What type of shipping services does this company provide?

This company provides shipping services.

How does this system work for buy orders?

Higher-priced trades take precedence over lower-priced trades.

What is the company called?

The company is called Kakaku Yusen.