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Tokyo's promise of a generational stock revamp draws skeptics


Feb 9, 2021
Japan’s Topix stock benchmark climbed to a three-decade high on Monday, drawing even more attention to its future amid plans for a sweeping market reform.
The Tokyo Stock Exchange is set to undergo a once-in-a-generation shakeup in little over a year. Japan Exchange Group Inc., which owns the bourse, plans to cut the number of market segments, apply new listing criteria and turn five confusing, overlapping divisions into three simpler sections: blue-chips, startups and the rest.
A key goal seemed to have been to overhaul the Topix, whose membership has almost doubled since the 1990s to over 2,000 companies and includes more than half of Japan’s listed firms, into a much slimmer benchmark of top-performing, well-governed firms. But some are already voicing concern that the changes may not result in the dramatic transformation that had been hoped for. ....

Nicholas Smith , Travis Lundy , Atsushi Kamio , Financial Services Agency , Tokyo Stock Exchange , Securities Japan Co , Daiwa Institute Of Research , Japan Exchange Group Inc , Exchange Group Inc , Nikkei Index , Quiddity Advisors , First Section , Daiwa Institute , Japan Exchange Group , நிக்கோலஸ் ஸ்மித் , டிராவிஸ் லண்டி , டோக்கியோ ஸ்டாக் பரிமாற்றம் , பத்திரங்கள் ஜப்பான் இணை , டைவா நிறுவனம் ஆஃப் ஆராய்ச்சி , ஜப்பான் பரிமாற்றம் குழு இன்க் , பரிமாற்றம் குழு இன்க் , நிக்கி குறியீட்டு , முதல் பிரிவு , டைவா நிறுவனம் , ஜப்பான் பரிமாற்றம் குழு ,