Foreign investors grapple with uneven corporate progress, governance gaps

Sydney | Japan’s campaign to modernise its sharemarket has lifted valuations and drawn in global capital, but the reforms are incomplete, leaving foreign investors grappling with uneven corporate progress and governance gaps, Tokyo’s stock exchange boss says.

Japan Exchange Group CEO Hiromi Yamaji said only about 20 per cent of prime listed companies were meeting global standards, while more than half were struggling to change old business models or improve capital efficiency.

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