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Stocks

Demoted Toshiba now the Tokyo bourse second section's problem

Uncoupled from embattled conglomerate, Nikkei average seen regaining accuracy

TOKYO -- Toshiba's relegation to the Tokyo Stock Exchange's second section gives the troubled titan outsize influence in its new market home, but its absence should free first-section-based indexes to follow earnings more accurately.

The fallen blue chip, a fixture on the first section since 1949, remains at risk of delisting altogether, owing to troubles that began with accounting irregularities and escalated to massive losses at a U.S. nuclear power unit.

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