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Markets

Tokyo bourse seeks to sell more diverse Japan Inc. to investors

Tokyo Electron, Sanrio and others are already hiring more independent directors

Women make up about 11% of Japan's corporate boards -- less than half the average across the Organization for Economic Cooperation and Development.   © Reuters

TOKYO -- The Tokyo Stock Exchange wants to make Japan's blue chip companies more like their socially conscious and diverse U.S. and European counterparts under an upgraded corporate governance code that took effect Friday. 

The latest change in the code, originally adopted in 2015, encourages Japan's biggest corporations to bring in more women and independent directors and squarely face human rights and climate issues ahead of an organizational overhaul at the TSE.

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