In Japan's biggest overhaul of its equity markets in a decade, the Tokyo stock exchange is restructuring its market segments. Earlier, JennHughes13 said that by focusing on size more than better governance, it has failed to create a genuine premier league
Listed companies in Japan have been reorganised into three tiers by Japan Exchange Group, owner of the Tokyo Stock Exchange, with the aim of simplifying the market’s structure.
The results, which grouped companies into “prime”, “standard” and “growth” categories, were announced on Jan. 11. A total of 1,841 were awarded prime status, a reduction of 16% from those currently listed on the current top-class First Section.
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