TOKYO -- Japanese companies slashed their cross-shareholdings to include the fewest targets on record during the fiscal year ended March as pressure mounts on them to abandon the controversial practice.
Business trends
Japan's cross-shareholdings drop to new low on investor pressure
Nippon Steel, Hitachi lead push to divest strategically held shares
Hitachi has divested shares from nine companies after reviewing capital efficiency. © Reuters
Read Next
Latest on Business trends
