TOKYO -- Listed companies in Japan pledged 16.81 trillion yen ($108 billion) in share repurchases this year, a Nikkei analysis shows, setting a record amid a flurry of shareholder returns and exits from cross-shareholdings.
Stock repurchases gain steam as businesses exit cross-shareholdings

Japanese companies engaged in record share buybacks this year as the Tokyo Stock Exchange urge improvements in capital efficiency. (Photo by Yuki Kohara)
TOKYO -- Listed companies in Japan pledged 16.81 trillion yen ($108 billion) in share repurchases this year, a Nikkei analysis shows, setting a record amid a flurry of shareholder returns and exits from cross-shareholdings.