Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

To Raise a Company's ROE and OP Margin, Significant Restructuring of Business Portfolio Is Necessary

Despite BoJ's Post of ETF Sales, the Path to Normalization in Corporate Governance Remains Distant

The Key to Revitalizing Existing TSE Growth Companies Is Whether They Can Expect Growth Through M&A

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Japan's stocks are notable for low trading liquidity due to relatively small market capitalization and skewed investor-base. Many companies have major shareholders, and BoJ's ETF further limit the free-floating shares.</li>
<li>Trends in derivative positions—such as the “gamma squeeze” strategy—that utilize the Nikkei 225, which includes stocks with low trading liquidity, are further amplifying the magnitude of market volatility.</li>
<li>The BoJ’s ETF holdings pose a major problem in corporate governance, perspective and it should now accelerate the sale of ETFs to ensure trading liquidity and “avoid impacting the market.”</li>
</ul>


Japan's stocks are notable for low trading liquidity due to relatively small market capitalization and skewed investor-base. Many companies have major shareholders, and BoJ's ETF further limit the free-floating shares.
Trends in derivative positions—such as the “gamma squeeze” strategy—that utilize the Nikkei 225, which includes stocks with low trading liquidity, are further amplifying the magnitude of market volatility.
The BoJ’s ETF holdings pose a major problem in corporate governance, perspective and it should now accelerate the sale of ETFs to ensure trading liquidity and “avoid impacting the market.”


The Bank of Japan Should Also Accelerate Its ETF Sales “to Avoid Impacting the Market”

TSE Tokyo Price Index TOPIX

The Bank of Japan Should Also Accelerate Its ETF Sales “to Avoid Impacting the Market”