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TOKYO (AP) - The Tokyo Stock Exchange's chief executive is considering various capital alliances with overseas exchanges, including the New York Stock Exchange, to gain more listings, profits and status.
Taizo Nishimuro, the exchange's head, said Tuesday that the alliances aren't limited to taking stakes in each other but also could include 50-50 joint ventures.
Japanese government and company officials have worried that investors and companies looking to list their shares are deserting Japan for more lucrative financial centers, including Hong Kong, Singapore and London.
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