Prime Minister Fumio Kishida indicated he could consider writing guidance for companies on share buybacks, triggering a dip in the nation¡¯s stock market that¡¯s been boosted by such repurchases in recent years.
Kishida said Tuesday introducing ¡°guidelines¡± on buybacks would be appropriate, in response to a question in the Diet from opposition lawmaker Takayuki Ochiai. The premier added that caution would be needed in implementing any strict regulations.
The comments come as investors watch for a different approach from Kishida after a series of shareholder-friendly reforms started under former Prime Minister Shinzo Abe. Kishida came to office earlier this year pledging to roll back what he called ¡°neoliberal¡± measures of the past two decades, with a greater focus on narrowing the gap between rich and poor.
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