27 June 2025

TOKYO — At 11 a.m. on a rainy day in June, the chief executive officer of the Japan Exchange Group (JPX) had already logged around 6,000 steps on his smartwatch walking inside the office in Nihonbashi Kabutocho, Japan’s Wall Street. The steps are one indication of the industry veteran’s packed days driving market reform.

Hiromi Yamaji, who is responsible for overseeing the Tokyo Stock Exchange and the Osaka Exchange, is credited with giving Japan’s decade-long efforts to boost corporate governance and corporate valuations the extra push it needed.

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