Japanese Shipbuilder Surpasses Toyota in Trading Volume

A small Japanese shipbuilder, Mitsui E&S Co., took the spotlight in Tokyo as it surpassed the trading turnover of the world’s largest automaker, Toyota Motor Corp. The shipbuilder's turnover reached ¥290 billion ($1.9 billion), while Toyota, whose market value is 230 times larger than the shipbuilder, had a turnover of ¥120 billion. This unexpected turn of events has drawn significant attention in the stock market, highlighting the impact of this underdog's remarkable trading volume.