TOKYO -- Nearly 70% of the companies listed on the Tokyo Stock Exchange's Prime market plan to reduce their holdings of cross-held shares, according to the latest industry data.
Business trends
Nearly 1,100 Tokyo Prime-listed companies to cut cross-held shares
Itochu, Toyota and NTT pledge to drop holdings not generating value
The Tokyo Stock Exchange has urged companies to unwind cross-held shares to boost capital efficiency. (Photo by Yuki Kohara)
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