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BOJ rising to top of shareholder rankings

Wednesday, August 17, 2016 - 05:50
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While bulls have cheered the tailwind from BOJ purchases, opponents say the central bank is artificially inflating equity valuations and undermining efforts to make public companies more efficient.

Tokyo

THE Bank of Japan's (BOJ) controversial march to the top of shareholder rankings in the world's third-largest equity market is picking up pace.

Already a top-five owner of 81 companies in Japan's Nikkei 225 Stock Average, the BOJ is on course to become the No 1 shareholder in