The Tokyo Stock Exchange (TSE) continues to push forward on its ongoing reform efforts to hold Japanese management teams accountable for their stock price valuations. The attached white paper addresses the most recent reform agenda items from the TSE, most notably that companies have to disclose their ROE target and need to improve stock valuation above 1x PBR, and highlights the initial success of these efforts as well as the continued opportunities for further reform acceptance.
Read more about TSE’s initiative here.