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.

Will the Timing of the BOJ ETF Exit Be Revealed in December?

ETF Sale Won't Be Concluded Soon, but as Long as BOJ Keeps Holding Them, the Problems Will Persist

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

What Changes in the External Environment Are Changing the Mindset of Managers?

Solving the Issue of Increasing Trading Liquidity in Japanese Stocks Is More Than Analyst Coverage..

Interesting that the Buy Parent Company + Sell Subsidiary Trade Does Not Work

The Good Case Companies Had More Opportunities to Reflect on Cost of Capital and Return on Capital

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>ETF sale is pie in the sky if the dividend income from ETFs held by BOJ is used to cover the interest payments associated with lifting of negative interest rates.</li>
<li>ETFs held by the Bank of Japan, which account for 7% of prime market capitalization, are actually reducing the number of actual tradable shares and hindering trading liquidity.</li>
<li>Furthermore, ETFs held by BOJ, which don't indicate their intention to be shareholders, may be voting in favor of the company's proposal as new silent shareholders in place of cross-shareholdings.</li>
</ul>


ETF sale is pie in the sky if the dividend income from ETFs held by BOJ is used to cover the interest payments associated with lifting of negative interest rates.
ETFs held by the Bank of Japan, which account for 7% of prime market capitalization, are actually reducing the number of actual tradable shares and hindering trading liquidity.
Furthermore, ETFs held by BOJ, which don't indicate their intention to be shareholders, may be voting in favor of the company's proposal as new silent shareholders in place of cross-shareholdings.


日銀が保有するETFは売却の見込みがなく、株主にとって不運

TSE Tokyo Price Index TOPIX

日銀が保有するETFは売却の見込みがなく、株主にとって不運