Let the market reduce cross-shareholdings
Article Abstract:
The Liberal Democratic Party is considering the proposals made by the Daiwa Research Institute and the Japan Federation of Economic Organizations, or Keidanren. The proposals are aimed at reducing the cross-shareholdings on the Japanese stock market. At first glance, the proposal seem to end the collusive arrangements that are impediments to the formation of mature capital markets and the elimination of overhanging supply. However, on closer analysis, the proposal would create an immense potential for market distortion and risky investment portfolio.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Keidanren circles the wagons on corporate governance
Article Abstract:
The Japanese did not announce any changes they wanted to make at the International Corporate Governance Network yearly convention. Not only were there less than 20 Japanese investors present out of the 480 participants, but President Tsuchida, of the Tokyo Sotck Exchange, said their policy did not impose new standards or rules, instead, they hoped that corporations would change on their own guidelines.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Bringing structural reform to Japan's private sector
Article Abstract:
Suggestions for improving Japan's long-stagnant economy are discussed, with a focus on structural reform of the private sector in order to promote transparency and accountability. Bank owners are urged to take a leadership role and own up to their past mistakes and corruption.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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