TOKYO -- The head of the Tokyo Stock Exchange urged companies to open a dialogue with activist investors instead of trying to shut them out, saying they can add urgency to decision-making that could lift the value of Japan Inc.
The candid remarks from Hiromi Yamaji, president and CEO of the exchange, come as the former Nomura banker puts the finishing touches on a revamp of the TSE's structure that aims to raise the bar for companies in its top tier.
