FOCUS: Tokyo stock market needs more than shake-up to lure foreign investors

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Kyodo News

The Tokyo stock market trumpets its largest overhaul in decades to lure more foreign investors. Still, the bourse is missing something such investors have long awaited — companies with great growth potential. The bourse operator, Tokyo Stock Exchange Inc., on Monday reorganized its four trading sections into three — Prime, Standard and Growth — for the roughly 3,800 listed companies to be categorized under more distinctive rules to sharpen the focus of each market. The reform came as Japan tries to cement a foothold for the Tokyo market as an international financial hub after its reputation…

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