Japan’s Financial Services Agency asked the country’s 4 largest non-life insurers to accelerate their disposal of cross-shareholdings, Nikkei reports, without attribution.
- Insurers have holdings in ~5,900 companies including Toyota Motor totaling 6.5t yen
- FSA sees holdings as having been part of the cause of recent scandals by companies
- Related Story:
Japan FSA Issues Business Improvement Order to Sompo
To contact the reporter on this story:
To contact the editors responsible for this story:
Kana Nishizawa
© 2025 Bloomberg L.P. All rights reserved. Used with permission.
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.