Tokyo pushes to reform its massive stock market

Japan Exchange Group Inc will unveil members of its new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies that form the benchmark Topix index.

TOKYO: Japan’s largest exchange operator is set to disclose the components of three new market sections soon, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement.

Japan Exchange Group Inc will unveil members of its new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies that form the benchmark Topix index.