Tokyo Stock Exchange

The Tokyo Stock Exchange appears in Wake-up haul: an Ozempic moment for the brain through reform of Japan’s growth market. The source says that from 2030, companies unable to maintain a 10 billion yen market capitalization after five years will be delisted.

In the episode, the reform is meant to push IPOs from a premature cash-out endpoint toward a growth milestone. Yamaji Hiromi says the aim is to make IPOs a starting point rather than the end goal, which directly extends Japanese Startup Exit Constraint.

Connections

• Japan and Japanese Startup Exit Constraint - national startup-market context.
• Yamaji Hiromi - TSE chief executive quoted in the source.
• Ethan Wu - segment explainer.