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Markets

Tokyo Stock Exchange to reduce first section listings by 30%

Market cap requirement to be raised and English disclosures mandated

Companies on the first section of the TSE might have to maintain a market capitalization of 25 billion yen ($223.8 million), up from 2 billion yen currently.

TOKYO -- The Tokyo Stock Exchange will reduce the number of companies listed on its first section, potentially by 30%. The section currently has over 2,100 listings.

The bourse plans to raise the level of market capitalization required of listed companies and mandate disclosures in English.

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