Yesterday's evening Nikkei reported that many companies are whether reducing or postponing their share buybacks.
Takeda 280bn (FY3/09)=>0(FY3/10), NTT Docomo 137=>0, Astellas 124=>smaller
Panasonic 72=>0, Toyota 70=>0, JR West 20=>0, Murata 15=0
Should be natural under this crisis, but we wish the tide to come back in the near future when the economy normalizes.
Another concern is the rise in cross shareholding ratio. Based on the Toyo Keizai data, the cross shareholding decreased from 1990 through 2005 but started to rise for three consecutive years...