TOKYO, March 16 (UPI) -- The Tokyo Stock Exchange will integrate its foreign and domestic markets in October to entice more foreign firms to list on the exchange.
The exchange launched its foreign stock listings three decades ago, but the number of foreign listings has declined to just 32 companies, primarily from the United States and Europe. In 1991 the exchange had 127 firms from 11 nations.
Most of the companies currently listed as foreign stocks will be listed as top stocks, the Nihon Keizai Shimbun reported Tuesday.
The paper said the change is aimed at attracting Asian companies, which are increasingly listing on other Asian markets including the rapidly emerging Shenzhen Stock Exchange in China. The Tokyo Stock Exchange currently has only two Asian companies listed.
