The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Japan: TSE to be more foreigner-friendly

Japan’s stock markets have struggled lately as foreign investors abandon the country in droves; the Tokyo Stock Exchange, meanwhile, suffers from the perception that listing on it is still too difficult for foreign companies and that it is prone to technological problems.

Atsushi Saito, Tokyo Stock Exchange

"The Japanese market is not closed at all. Our market is being run under the most liberal and democratic system in Asia"
Atsushi Saito, Tokyo Stock Exchange

A recent insider trading scandal didn’t help matters. In this translated interview with Masaki Okada, co-editor of the Euromoney Japanese Edition, Atsushi Saito, president and CEO of the Tokyo Stock Exchange Group, answers these criticisms and elaborates on his plans for a “universal exchange”. In its medium-term business plan, the Tokyo Stock Exchange Group refers to a “universal exchange.” Can you be more specific about that goal?

Atsushi Saito: With the universal exchange approach, we will make products traded on the TSE as universal as possible. At the same time, we will invite as many exchanges in the rest of Asia as possible to converge on Tokyo in one way and another, which is a key aspect of our universal exchange concept.

We will shortly create a new market exclusively for professionals—institutional investors – by tying up with the London Stock Exchange. The Alternative Investment Market of the LSE is a guide for us in launching the proposed new market.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree