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Japan Exchange Group says cross-shareholdings now under 10% of listings
The CEO pointed to a major shift from the 1980s, when cross-shareholdings were above 50% of Tokyo Stock Exchange listings.
A potential sharp correction or crash in US equities could test how deeply equity markets are embedded across Asia and elsewhere, according to commentary in South China Morning Post. The article frames the risk as tied to US stock prices rising alongside higher interest rates and inflation, and to ongoing conflict that could further weigh on sentiment, asking whether markets in Tokyo and other centers would follow a selloff.
Japan Exchange Group CEO Hiromi Yamaji said the country’s equity structure has changed materially, citing reductions in cross-shareholdings. At a press conference about Japan’s stock market revival in Tokyo on July 14, Yamaji said cross-shareholdings now account for less than 10.0% of total listings on the Tokyo Stock Exchange, compared with more than 50.0% in the 1980s.