TOKYO -- The Tokyo Stock Exchange's now-sprawling first section would be reserved exclusively for companies with the scale and governance to attract global investors, under an outline of the market's biggest shakeup in decades.
The TSE's existing boards would be recast into a "prime" market for blue chips, a "standard" market for midtier companies and a startup-focused "growth" board, according to a proposal discussed Wednesday by a Financial Services Agency council.
