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.
