Financial Times (April 4)
The Tokyo Stock Exchange received its “biggest overhaul in 60 years,” and left many unimpressed. “The exchange is now divided into three sections—prime, standard and growth,” but “domestic and global investors said the streamlining effort was a squandered opportunity.” Prime section market cap was set at only ¥10 billion while investors had hoped for ¥100 billion. Several hundred companies that didn’t make even that low bar were still allowed exceptional entry. “To widespread disappointment, the reshuffle has not significantly raised the bar for membership, resulting in 1,839 companies qualifying for the prime section.”
Tags: Disappointment, Domestic, Global, Growth, Investors, Overhaul, Prime, Squandered Market cap, Standard, Streamlining, TSE, Unimpressed
Washington Post (April 11)
“As the world’s largest democracy, India ought to be setting a standard for how the emergency can be met without resort to repression or censorship. So far, it has not done so.”
Tags: Censorship, Democracy, Emergency, India, Repression, Standard, World. Largest
Bloomberg (September 10)
“In Japan, is there one standard of justice for Japanese executives and another for non-Japanese executives? The forced resignation on Monday of Nissan Motor Co.’s chief executive officer, Hiroto Saikawa, certainly seems to suggest as much.” At this point, “would any non-Japanese manager really be interested in taking the helm at Nissan given what happened to Ghosn? It’s a little hard to envision.”
Tags: CEO, Executives, Japan, Japanese, Justice, Nissan, Non-Japanese, Resignation, Saikawa, Standard
