In today’s briefing:
- ETFs Held by BOJ with No Prospect of Sale Are Unfortunate for Shareholders
ETFs Held by BOJ with No Prospect of Sale Are Unfortunate for Shareholders
- 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.
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