Demote Hundreds: Companies and Equity Market

demote hundreds: The reported changes would demote hundreds of companies from the TSE's first section, investors say. ; The exchange included 2,137 companies as of Friday, double the number in 1990, according to the exchange's parent, Japan Exchange Group Inc, according to The Japan Times. It's good to reduce the number of companies in the TSE's first section, said Kazuyuki Terao, the chief investment officer of Allianz Global Investors' Japanese unit. A TSE advisory panel is expected to compile a report by the end of March after examining public comments on structural reforms for the 5.7 trillion equity market. A lot of investors are using the Topix as a benchmark for their investments and the number of the constituents in the Topix is too many. Kyodo News reported the panel plans to recommend reducing the number of exchanges. The TSE may raise the minimum market-cap requirement to remain listed on the first section to 25 billion from 2 billion, and require that companies disclose filings in English, the Nikkei financial newspaper said Friday. (news.financializer.com). As reported in the news.