From Nikkei Asia · · 50s
Japan's TOPIX Index Cuts Companies by 40%
Japan's stock index cuts 649 firms to boost governance standards.
In brief
Japan's stock index cuts 649 firms to boost governance standards. Japan's Tokyo Stock Exchange reduced TOPIX index companies from 1,636 to 986, aiming for stricter corporate governance standards. Originally reported by Nikkei Asia.
Tokyo Stock Exchange
Japan's Tokyo Stock Exchange parent company announced a potential 40% reduction in TOPIX index companies from 1,636 to 986.
Corporate Governance Drive
Stricter listing standards aim to attract foreign investors through improved corporate governance practices.
Delistings Hit Record
Delistings from Tokyo bourse reached a record for the third consecutive year as part of the reform.
TSE CEO on Progress
Japan Exchange Group CEO Yamaji stated market reform is 20% complete with tighter standards.
Corporate Governance Impact
Reforms have drawn foreign investors to Japanese stocks by improving corporate governance standards.
The takeaway
Japan's Tokyo Stock Exchange reduced TOPIX index companies from 1,636 to 986, aiming for stricter corporate governance standards.
