Unshackling investors in Japan (2) What are the pros and cons of the new large shareholder reporting regime? How might different types of investors respond?
Unshackling investors in Japan (1) For the past decade financial regulation in Japan has hamstrung collective engagement of listed companies. What was the origin and purpose of these rules?
Keep your eyes on the prize In May 2026 some rusty old chains constraining collective engagement of companies in Japan will be removed. Though not perfect, the new rules mark an important turning point in regulatory policy. Savvy investors will keep their eye on the big picture and not tie themselves in knots over minutiae.
Toyota tests the system, falls short Despite a higher offer price for Toyota Industries Corporation (TICO), surprising weaknesses in Toyota Motor’s handling of the TICO privatisation remain. While this case says much about the Toyota Group’s governance culture, it also points to a range of flaws in the squeeze-out process in Japan.
Welcome to Firefly Firefly is a new independent publishing venture by Jamie Allen, Jane Moir and Melissa Brown. We will write about events shaping capital markets in Asia in this time of flux, with a focus on issues that deserve a sharper or deeper focus.