The Tokyo Exchange: Time For This Behemoth To Evolve?

The Tokyo Stock Exchange must fight new, tech-savvy bourses

Koichi Suzuki is the kind of entrepreneur who makes Tokyo Stock Exchange officials lose sleep. He spent seven years building a high-flying Web service provider, Internet Initiative Japan Inc. (IIJ). But when he needed cash for high-speed communication lines to take on mighty Nippon Telegraph & Telephone Corp., he decided to list his company in August on Nasdaq--which he regards as the big time. "I respect information-technology companies like Cisco Systems and Ciena," says Suzuki. "I'd like to be in the same market with such companies."

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