Homogeneous stock grouping in Japan

The study of Finance takes on many facades. Many studies have been conducted to discover the price movement of homogeneous stocks in United States; while others had attempted to evaluate the economic factors that drive the entire market. However, none has attempted to put these two broad areas of study in researching one market. Hence, we endeavour to uncover, firstly, the existence of homogeneous grouping in one market and secondly, the economic and market factors that explain the price movement of each grouping within the confines of one study.BUSINES