TOKYO -- The Bank of Japan's pivot toward offloading exchange-traded funds should encourage Japanese corporations to step up governance reforms in order to increase their appeal to investors.
Japan Inc. should embrace the whys of reform instead of simple indicators

The Bank of Japan is estimated to own 8% of the Tokyo Stock Exchange's Prime market through ETFs. (Photo by Nozomi Okubo)
TOKYO -- The Bank of Japan's pivot toward offloading exchange-traded funds should encourage Japanese corporations to step up governance reforms in order to increase their appeal to investors.