Without warning Subaru dumps Suzuki!

10 August 2016 /19:37 UTC-07 Tango 01 (21 Mordad 1395/07 Dhu I-Qa’da 1437/09 Bing-Shen 4714)

In a surprise move Fuji Industries (known in the United States as Subaru) dumped all their shares of Suzuki stock!

Fuji dumped its Suzuki shares for about $182-million USD, making a profit.  Suzuki also stated it was about to dump its shares of Fuji.  In Japan companies conduct ‘cross-shareholding’, but critics say such cross-shareholding creates artifical conditions on the stockmarkets, and reduces corporate accountability (sounds like the unAmerican corporate America).

The neo-imperialist prime minister of Japan, Abe Shinzo, has been pushing Japanese corporations to halt cross-shareholding.

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