Japan stock buybacks surge as ample cash is put to work

Cuts to number of outstanding shares used to raise key gauges of investment

20190522N Man stock quotation board Reuters

Japanese companies are announcing more share buybacks as investors ramp up scrutiny over capital efficiency. © Reuters

TORU TSUNASHIMA, Nikkei staff writer

TOKYO -- Listed Japanese companies will nearly double the value of shares bought back from investors this fiscal year, as more corporations opt to use their cash holdings to bolster the performance of their equity.

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