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Business trends

Cash-strapped Japan Inc. cuts share buybacks 78% amid pandemic

Repurchase programs capped at $8.3bn

Some Japanese companies have shelved their announced buyback plans.   © Reuters

TOKYO -- Share buybacks announced by listed Japanese companies fell 78% to around 896.1 billion yen ($8.3 billion) in the April-June quarter from the previous year, according to data aggregated by Nikkei, highlighting cash-strapped businesses that have been hit hard by the coronavirus pandemic.

Companies typically have their board of directors decide on buyback strategies and volumes.

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