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Tokyo Stock Exchange to start 'prime' section with 1,841 firms

Major bourse revamp aimed at pushing companies to boost performance

The TSE reclassified its 3,777 stocks on Jan. 11 in the biggest revamp in half a century. (Source photos by Ken Kobayashi and Kento Awashima)

TOKYO -- The Tokyo Stock Exchange said on Tuesday that it will launch the new 'prime' section of the market with 1,841 companies, or 84% of the current top market section, in its biggest revamp in half a century.

The move is aimed at promoting more competition between listed companies and make the nation's capital market more dynamic and attractive to global investors. The Tokyo bourse is far eclipsed by those in the U.S. in terms of market capitalization, and has also been overtaken by Shanghai as Asia's largest stock market.

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