HC Picks 202

January 30, 2019
by Akane Hashimoto


-Policies and business activities related to Japan investment opportunities-


・Minutes: BOJ fiercely divided over rate cuts during ’08 crisis

 ”Although a sensitive information, 10 years after might be too late.”

・BOJ watchers split on Kuroda’s next step — tightening or easing

・BOJ minutes show disagreement over level of bond yields

・Major Central Banks to Slow Pace of Tightening, Moody’s Says

・Bank of Japan holds rates steady but trims inflation outlook



Governance / Stewardship / Fiduciary

・Nissan’s Silent Minority Deserves to Be Heard

 ”When most of the minorities are passive investors, how would they react? Terminating passive shold be a difficult decision. Then, it’s on asset management firms’ hands.”




・Japan’s Asahi to buy London Pride brewery for $330 million

 ”The sale of the beer business to Asahi Europe Ltd (AEL) represents a multiple of 23.6x EBITDA of £10.6 million (c.$14 million) for the 52 weeks ending 31 March 2018!”