Tokyo exchange's 'prime' offering not lean enough, pros say

Highest tier of stocks still crowded with underperforming companies

20220111N TSE

The Tokyo Stock Exchange has long focused on quantity over quality when it comes to listings. (Photo by Kosuke Imamura)

TAKESHI KAWASAKI, Nikkei senior staff writer

TOKYO -- The Tokyo Stock Exchange's upcoming overhaul aims to create a more robust top tier dubbed "prime" intended to attract global investors, but the plan revealed Tuesday still falls far short of the quality offered by stock markets in the U.S. and Europe.

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