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Japan pushes to put more women in the boardroom

Updated governance code will make the laggards explain their inaction

TOKYO -- Increasing women on the board will become a recommended goal for Japanese companies under a revised governance code, and those lacking them will be asked to explain the reasons to the public.

The governance code, adopted in 2015 by the Financial Services Agency and the Tokyo Stock Exchange, is slated to go through a revision in the spring to call for greater board diversity at listed companies in terms of gender and nationality.

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