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Japanese Depositary Receipts

Japanese Depositary Receipts (JDRs)

This piece provides a comprehensive overview on JDRs, a new innovation in the depositary receipts space. JDRs are similar to ADRs; however, they are issued by a trust bank in Japan, evidence ownership of shares in a corporation organized outside Japan and trade on the Tokyo Stock Exchange, enabling foreign issuers to tap the Japanese capital market.