Will TSE reform stop overseas investors from fleeing Japan?

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The Tokyo Stock Exchange will distill its four current sections into three as it fights to attract overseas investors, but most market players are apathetic about the move. (Photo by Ken Kobayashi)

TAKESHI KAWASAKI, Nikkei senior staff writer

February 17, 2022 17:40 JST

TOKYO -- Early opinions regarding the Tokyo Stock Exchange's biggest revamp in half a century, due to take effect in April, are hardly upbeat, with most market participants barely apathetic about the move.

The TSE will distill its current sections -- first, second, Jasdaq and Mothers -- into three: prime, standard and growth. But 56% of 120 officials at securities houses and institutional investors in a recent survey by Tokyo-based market analyst QUICK said "nothing will change, in effect."