As Japan's corporate governance reforms reach a turning point, Robert Hale, CEO of US-based ValueAct Capital, said investment appetite for Japan would not flag. Meanwhile, the Financial Services Agency, the Tokyo Stock Exchange, the Ministry of Economy, Trade and Industry and the Liberal Democratic Party have successively released important documents related to the capital markets.
Japan's corporate governance reforms have reached a turning point, with the Financial Services Agency, the Tokyo Stock Exchange, the Ministry of Economy, Trade and Industry and the Liberal Democratic Party releasing important documents on the capital markets. There is a perception that growth investment has not increased sufficiently relative to the rise in shareholder returns, and activists and overseas media have voiced concerns about stalled reforms.
Robert Hale, co-CEO of US-based ValueAct Capital, said investment appetite for Japan would not flag and expressed an optimistic view of developments in the capital markets in Japan and the US and progress on corporate governance reforms.
The article reviews developments in corporate governance reform at Japanese companies and reactions from inside and outside Japan. Attention is also focused on future market trends, including listing standards for the Prime Market and regulations governing digital securities.