governance/stewardship/fiduciary
January 23, 2019by Akane Hashimoto
Category : [POLICY(BOJ)] [ BUSINESS ] [ ECONOMY ] [ MARKET ] [GOVERNANCE / STEWARDSHIP / FIDUCIARY]
-Policies and business activities related to Japan investment opportunities-
Policy (BOJ)
・New Japanese regulatory proposal could hit US CLOs
・U.S. CLO Market at Risk From Proposed Japanese Rule Change
”The proposal is based on BIS revision announced in 2016. (→https://www.bis.org/press/p160711.htm). Improving investors ability to select good assets might be more important than applying rules.”
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Market
・Investors have for decades taken an ‘Asia ex-Japan’ approach. Some say that’s ‘obsolete’
”Because Japan is no more dominant in the region. Makes sense.”
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Governance / Stewardship / Fiduciary
・Japan firms have no plans to strengthen governance after Ghosn arrest: Reuters poll
”Although accurate disclosure is very important, the question here may be more about Mr. Ghosn’s incentives behind the fact.”
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Business
・Carlyle, Nomura plan joint bid for beer maker Orion
・Japan Tobacco ratchets up smokeless war with new products
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Economy
・Foreign tourists spent record ¥4.5 trillion in Japan in 2018
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