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This has not been a good week for the Tokyo Stock Exchange and for that matter there hasn't been much good news for the exchange in recent months as it is working towards becoming a publicly traded company. One area I'd like to explore is the withdrawal of foreign listings from the exchange. In its heyday during the bubble economy there were more than 100 listings of some of the most well-known companies in the world. Today however, there are only 30 or so remaining and only 7 of those are American companies after International Business Machine (IBM), Motorola (MOT), and PepsiCo (PEP) left last year. The prestige of the Tokyo Stock Exchange is almost all but gone.

Here is a list of the remaining American companies traded in Tokyo.

    • AFLAC (AFL)
    • American International Group (AIG)
    • Bank of America (BAC)
    • Boeing (BA)
    • Dow Chemical (DOW)
    • JPMorgan Chase (JPM)
    • Merrill Lynch (MER)

In recent years the following big name firms have chosen to delist.

Y2005
    • IBM (IBM)
    • PepsiCo (PEP)
    • Motorola (MOT)

Y2004
    • P&G (PG)
    • Apple (AAPL)

Y2003
    • Eli Lilly (LLY)

Between 1995 and 2003 companies including General Electric (GE), Hewlett Packard (HPQ), Ford (F), American Express (AXP), Du Pont (DD), Walt Disney (DIS), Exxon (XOM), AT&T (T), Texas Instruments (TXN) , Anheuser (BUD), CitiCorp (C), 3M (MMM), and McDonald's (MCD) have disappeared from the exchange.

Source: Foreign Listings on Tokyo Stock Exchange Stagnant, Only 7 American Co's Remain (AFL, AIG, BAC, BA, DOW, JPM, MER)