Changes needed for Tokyo Aim to prosper

Author: | Published: 1 Sep 2009

Following a decline in foreign investment in Japan over the past 12 months, the Tokyo Stock Exchange (TSE) is promoting its new secondary market – Tokyo Aim – as a venue for foreign issuers. But the role of advisers will need some tweaking before anyone lists.

"The aim in starting this project was to help the Japanese capital markets flourish so that Japan can become an international financial centre," said Tetsutaro Muraki, president and CEO of Tokyo Aim...