TSE Aims to Realign Trading Sections
Tokyo, Jan. 7 (Jiji Press)--The Tokyo Stock Exchange is considering realigning its markets in an effort to bring in more money from investors in Japan and aboard.
A plan under consideration would reduce the number of the TSE's trading sections to three from the current four, sources familiar with the matter said. The exchange is considering laying out details of the plan as early as this fiscal year that ends in March.
Specifically, the TSE intends to cut the number of companies listed on the first section, while merging the second section and the Jasdaq market for startups, the sources said.
The focus is to cut the size of the first section, where about 2,100 firms, or about 60 pct of some 3,600 TSE-listed companies, are traded.
The first section has been bloated due mainly to relatively low standards for promotion from the second section and Mothers, another TSE market for startups.
[Copyright The Jiji Press, Ltd.]