Tokyo bourse pressures CEOs with list of firms that are reforming

Stock exchange names companies promising to improve capital efficiency

20240115 Tokyo Stock Exchange

The Tokyo Stock Exchange asked companies to implement management "that is conscious of cost of capital and stock price" last March. (Photo by Yutaka Miyaguchi) 

WATARU SUZUKI, Nikkei staff writer and MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- The Tokyo Stock Exchange stepped up pressure on CEOs on Monday by releasing a list of companies that are meeting its request to improve capital efficiency metrics and stock price.

Japanese stocks have been on a tear, with the benchmark Nikkei stock index at its highest level in 33 years and 11 months on Monday and up 6% so far in January. TSE's move is the latest in a series of reform measures aimed at further boosting the stock market's appeal to investors.

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