In today’s briefing:
- Companies Keen to Reduce Administrative Costs, but Reluctant to Provide Convenience to Shareholders
- Part Two: JGB Yields Spike Cause Yen Mayhem
Companies Keen to Reduce Administrative Costs, but Reluctant to Provide Convenience to Shareholders
- Not much progress has been made in the early disclosure of convocation notices. The key to even earlier disclosure of convocation notices is the moving up of earnings announcement dates.
- Overseas investors require that all materials in the notice of convocation be provided translated in English, and only 27.3% of prime market listed companies have responded.
- Few companies file their annual securities reports prior to AGMs. This can be taken as companies’ intention to provide as little detailed information as possible to shareholders prior to AGMs.
Part Two: JGB Yields Spike Cause Yen Mayhem
- On December 6, 2023, Deputy Gov. Ryozo Himino and other policy board members signalled increasing optimism on price and wage increases.
- Himino said at a press conference following a meeting on Wednesday that exiting the negative rate policy would have relatively little impact on Japan’s economy.
- “We will carefully assess the situation and consider the timing and procedure of how to exit” negative rates.
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