Japan’s Stock Market Plans Revamp to Draw More Investors

TOKYO—The Tokyo Stock Exchange, a former global No. 1 turned also-ran, has a plan for revival that calls for sweeping out the market’s dusty corners where small and lightly traded companies loiter.

The exchange recently unveiled its biggest overhaul in 60 years that includes tougher standards for its top section, which will be renamed “Prime” and start operating in April.