TOKYO -- Plans by insurers to sell off 6.5 trillion yen (around $43 billion) in cross-shareholdings will foster governance reform in Japan, although companies subject to divestment may come under selling pressure, analysts said Thursday.
Markets
Insurer divestment plan raises hopes for Japan corporate reform
Companies with weak balance sheets open to selling pressure, say analysts
Japanese companies are unwinding cross-shareholdings amid high stock prices, fueling hopes for faster corporate reforms.
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