Reuters (July 19)
2023/ 07/ 19 by jd in Global News
“The TOPIX is up 20% this year and trading near a multi-decade high. Some of the drivers are profound. The Tokyo Stock Exchange is asking companies whose shares trade below book value to disclose plans to enhance their market worth, spurring hopes of share buybacks. And the welcome return of inflation could prompt Japanese companies to invest more and pay higher wages, which would in turn prop up consumer spending.”
Tags: Book value, Buybacks, Drivers, Enhance, High, Inflation, Invest, Japanese companies, Market worth, Shares, Topix, TSE, Wages
