Reuters (July 19)
“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
Financial Times (August 6)
Sony’s polite “rebuff of activist investor Loeb is hardly a surprise…. Daniel Loeb has joined the long line of activist investors rebuffed by Japanese companies.”
Tags: Activist investor, Daniel Loeb, Japan, Japanese companies, Rebuff, Sony
