TOKYO -- An unusual turn of events at the general shareholders meeting for midsize brokerage Toyo Securities on Wednesday illustrates the growing influence of activist shareholders in Japan and the difficult business environment faced by companies like Toyo.
Finance
Japan's Toyo Securities president ousted by activist investors
Shareholders' calls for improved earnings are getting louder
Toyo Securities has been strong in Chinese stocks, but that business has been hurt by the recession in that country. (Photo by Taizo Wada)
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