Daily BriefsESG

Daily Brief ESG: Again and more

In today’s briefing:

  • Again, It Is the BOJ’s ETF Issue that Makes Us Think

Again, It Is the BOJ’s ETF Issue that Makes Us Think

By Aki Matsumoto

  • Although the stock split doesn’t raise the intrinsic value of the stock, the stock price is likely to rise on the speculation that future purchases into the NISA are expected.
  • As cross-shareholdings decline, the companies are actively engaging in IR activities with individual investors to secure shareholders who share the company’s position against foreign shareholders who are increasing their presence.
  • Some believe that NISA will be used as receptacle for the disposal of BOJ’s ETF holdings, but companies may hope that the silent shareholder hold ETFs as long as possible.

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