Price-to-Book is Back

The Tokyo Stock Exchange (TSE) has recently announced plans to continue its efforts in pushing for corporate governance reform by setting hard deadlines for listed companies that it considers to be non-confirming to existing listing standards to now disclose actions plans to increase their Price-to-Book ratio to 1x.  Dalton Investments believes this may be the single most significant development in the Japanese markets since the adoption of Abenomics.

Read the commentary here.