2019/03/18

Hundreds of Firms May Be Demoted in Tokyo Exchange Shakeup

As part of an effort to streamline markets and attract more investors, the Tokyo Stock Exchange may demote about a third of its largest listed companies and cut down the bourses it operates to three from four, according to media reports Friday. A TSE advisory panel is expected to compile a report by the end of March, after examining public comments on structural reforms for the $5.7 trillion equity market. The reported changes would demote hundreds of companies from the TSE’s First Section, investors say. - Bloomberg


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