The Tokyo Stock Exchange should stop retail investors trading Toshiba’s stock in an information blackout, where powerful, vested interests are building a consensus on the fate of the erstwhile national champion behind the scenes.
When even senior management admits events are transpiring beyond their control, the apocryphal Mr. and Mrs. Watanabes can not make rational investment decisions.
After all, even Toshiba's CEO Satoshi Tsunakawa said repeatedly I don't understand quite what is going on at a board meeting on December 21, according to a February report by the Nikkei business newspaper.
It was over a year and a half ago that TSE put...
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