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Markets

Tokyo Stock Exchange's big board about to get a lot smaller

Tougher rules could shrink top-tier market by two-thirds

About 1,500 companies could find themselves shut out of the Tokyo Stock Exchange's first section if the new rules are put in place. (Photo by Toshiki Sasazu)

TOKYO -- The Tokyo Stock Exchange plans to tighten up capital requirements for listing on the first section, which could boot up to about 1,500 components from the top-level club.

The move is part of a wholesale overhaul by the TSE to streamline the environment for international investors. The Japanese bourse is also considering consolidating its lower-tier equity markets into two.

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