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SocGen buyback gauge beats JPX-Nikkei 400

The Solactive Japanese Buyback Index has surged 12 per cent this year


THE JPX-Nikkei Index 400 has spawned a better performing counterpart as brokerages seek to profit from a government-led push to make Japanese companies stop hoarding money.

A stock gauge designed by Societe Generale SA comprising businesses that plan to buy back shares, a