Japan Shame Index a `Dumb Beta,' CLSA's Smith Says

Japan Shame Index a `Dumb Beta,' CLSA's Smith Says Play

July 29 (Bloomberg) -- Nicholas Smith, a Japan strategist at CLSA Asia-Pacific Markets in Tokyo, talks about the potential that Sony Corp. will be rejected from Japan's government-backed stock index. The JPX-Nikkei Index 400, designed to shame executives into boosting profit and shareholder payouts, picks companies with the best operating income, return on equity and market value. Smith speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)

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