MarketsDeveloping
7.3
Japan's megabanks plan $6bn cross-holding unwinding over 3 years
Japan's largest banks have announced a coordinated plan to divest approximately $6 billion in cross-held equity stakes over a three-year period. This reflects a shift away from Japan's traditional corporate interlocking shareholding structures toward market-oriented capital allocation. The move signals banking sector alignment with evolving governance pressures and potential portfolio repositioning.