TOKYO -- Japan will require listed companies to disclose more information if they reclassify strategically held shares as being owned for investment purposes, amid concerns that some businesses are concealing their actual intentions, Nikkei has learned.
Equities
Japan looks to keep companies honest about cross-shareholding cuts
Tighter disclosure rules aim to keep shares from being repurposed in name only
Japan's Financial Services Agency will tighten disclosure requirements surrounding cross-shareholdings. (Photo by Fumi Matsumoto)
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