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- Index of Average Values of Securities: Notes
Notes
This database provides the price indexes for shares, government
bonds, municipal bonds, bank bonds, and corporation bonds for
the period from January 1925 until July 1938. Data are taken
from Statistics of Loans, Debentures and Shares prepared
by the Bank of Japan, Research Department.
Price indexes were calculated with January 1925 as the base and
with a base value of 100. The number of issues used in the calculation
of the price indexes varies over time. As of January 1925, 100
shares, 58 government bonds, 28 municipal bonds, 33 bank bonds,
and 56 corporation bonds were in use. For shares, price indexes
were categorized by industry for 15 industrial sectors. As of
January 1925, sectors and numbers of issues as follows: Banking
15, Railway & Tramway 9, Shipping, Shipbuilding & Transportation
8, Insurance 9, Mining & Refining 3, Electric & Gas Works
6, Paper 2, Spinning & Weaving 8, Woollen Cloth 4, Sugar
6, Petroleum 1, Chemicals 5, Cement, etc. 5, Exchanges 9, Miscellaneous
10. Price indexes of shares, government bonds, municipal bonds,
bank bonds, and corporation bonds for the period from January
1925 until December 1928 display only integral numbers and from
January 1929 until July 1938 include the first decimal place.
Similarly, industrial share price indexes for the period from
January 1925 until September 1930 display integral numbers only
and for the period from October 1930 until July 1938 include
the first decimal place. Errors deemed misprints in the source
materials have been corrected.