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Equities

Japan's revised governance code takes on cross-shareholdings

Tokyo bourse wants to see more diversity in the boardroom

Japan's revised corporate governance code focuses heavily on cutting back cross-shareholdings and improving transparency.

TOKYO -- The Tokyo Stock Exchange is urging Japanese companies to bring their practices more in line with global norms by reducing cross-shareholdings and tapping more women and international talent for directors under a revised corporate governance code released Friday.

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