The market is paying attention: cross-shareholdings have fallen to zero!? [Economy column]
2024-03-03 00:33:00
The Nikkei Stock Average has reached an all-time high for the first time in 34 years, approaching an unprecedented 40,000 yen level. Some observers point out that one of the reasons why foreign investors, who are increasing their presence in the Tokyo market, are taking an interest in Japanese companies is the spread of corporate management that is conscious of capital efficiency, such as the sale of ``cross-shareholdings.'' Why are companies now drastically reconsidering Japan's unique customs regarding capital relationships, which have continued for many years despite criticism from institutional investors? (Economy Department reporter Mitsutsun Saito)
