The Bank of Japan ( A Government Central Bank) Is Now A Top-10 Shareholder In 50% Of All Japanese Companies
(From Zerohedge)Now, the BOJ is ushering in a new age for the Japanese market: the age of creeping nationalization, where a monetary authority is becoming the biggest owner of corporate assets using money printed out of thin air to fund the purchases…
…he bank’s ETF program “is eroding market discipline as companies are rewarded simply for being in major market indexes, rather than for having new business strategies or offering more dividends,” the OECD said in a country survey published Monday, citing a previous Nikkei report.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/04/the-bank-of-japan-a-government-central-bank-is-now-a-top-10-shareholder-in-50-of-all-japanese-companies/
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