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JAPANESE FINANCIAL SERVICES AGENCY (JFSA)
An agency responsible for the oversight of the financial markets in Japan. This includes banking, exchanges and securities. It is the direct overseer of the Securities and Exchange Surveillance Commission and the Certified Public Accountants and Auditing Oversight Board.
JENSEN’S ALPHA
A measure used to determine a portfolio’s performance against the predictions of the capital asset pricing model (CAPM). If the Jensen’s Alpha is above zero, then the portfolio is performing positively against predictions of the CAPM.
JENSEN’S ALPHA RATIO
This measures the ability of a fund manager to select investments. It is a ratio obtained by dividing Jensen’s Alpha by a factor representing the specific risk of the selected investments. The higher the ratio, the better the fund manager’s performance.
JET KEROSENE
A medium-light distillate commonly used as fuel for jet engines and as a heating fuel. Often referred to as just jet or kerosene depending on the primary use.
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