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Thursday, September 13, 2007 1:02 am

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Manga-related stocks rise after Abe resignation

Manga, anime and video game-related stocks made a noticeable rise on the Tokyo Stock Exchange on Wednesday, after Prime Minister Shinzo Abe announced his resignation. The sudden rise can be attributed to expectations that the self-proclaimed manga and anime fan Aso Taro, currently the Liberal Democratic Party’s Secretary General, will succeed Abe as Japan’s next prime minister, according to Nikko Cordial Securities, quoted by the Asahi Shimbun.

Among the stocks that rose on Wednesday is the Tokyo-based card game company “Broccoli,” whose stocks went up from 92 yen to 157 yen, a 71% rise. Major manga retailer Mandarake saw a 13% rise, while video game retailer Koei Net went up by 15%. Toei Animation, one of Japan’s largest animation studios, and Kadokawa Group Holdings, a manga publisher, both rose 3%.

Aso Taro’s interest for manga is well-known, and he has personally claimed that he reads some 10-20 manga publications a week. Taro was also instrumental in establishing the International Manga Prize for non-Japanese manga authors in 2007. He received some headlines ahead of the French presidential election this year for recommending Segolene Royal to read more manga, after she had criticized it for being violent and pornographic.

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