Foreign shareholders have increased their holdings in recent years as traditional cross-shareholdings between banks and their corporate chums have unravelled (see chart).
With their new dividend policies, Sotoh and Yushiro are now offering their shareholders yields of more than 10%.Japanese shareholders are becoming more demanding partly because of the unwinding of cross-shareholdings between Japan's banks and their corporate chums.
But the proposal will end the cross-shareholding between the cartel and Anglo American, a mining giant.
The extensive cross-shareholding between a publicly-traded international oil major and a state-owned oil company is a first for the industry, BP said.
The relationship will be cemented via the establishment of a cross-shareholding between the two companies; VW will buy 19.9 per cent of Suzuki, which will in turn invest up to half of the proceeds in Volkswagen shares.
The deal would end the cross-shareholding between Anglo and De Beers that has depressed the shares of both firms.America's downsideAlan Greenspan was upbeat about America's economy in testimony to the Senate Banking Committee.
But the commission did agree to impose new limits on cross-shareholdings between agencies.
The unwinding of cross-shareholdings between banks and their chums in the corporate sector also brought a stream of business.
Cross-shareholdings between banks and their corporate chums, for example, are unwinding, and many of the freed-up shares have been bought by foreign investors.
It would like to phase out the old system of cross-shareholdings between banks and corporate clients, which often serve to protect underperforming managers.
