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Interview

New Tokyo Stock Exchange chief all in for ESG but wary of SPAC boom

'Japan cannot be left out' as global exchanges compete for investment, says Yamaji

Hiromi Yamaji became the new president of the Tokyo Stock Exchange on April 1. (Photo by Kosuke Imamura)

TOKYO -- The Tokyo Stock Exchange will push Japanese companies to adopt more robust governance rules through an ambitious reorganization in a "big step toward becoming the bourse of choice for global investors," the new TSE chief told Nikkei in an interview.

Hiromi Yamaji, who took over as president on April 1, faces a particularly competitive environment as bourses across the world hunt for investors. As environmental, social, and governance, or ESG, issues become key standards for investing, the TSE will urge companies to step up efforts based on their market classification.

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