Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (1726)	2/19/1999 12:09:00 AM
From: fut_trade	Read Replies (2) \| Respond to of 3902

Toyota says considers selling cross shareholdings TOKYO, Feb 19 (Reuters) - Toyota Motor Corp said on Friday it was giving positive consideration to the possibility of selling cross shareholdings in other firms in order to boost its pension fund reserves. Toyota Executive Vice President Kosuke Yamamoto told reporters after a news conference he was hopeful, however, the government would adopt measures to allow companies to use cross shareholdings as reserves for pension funds, because the sale of cross shareholdings to earn cash for the reserves was likely to have a negative effect on the stock market. ''I think they (the government) should do this, given the negative influence on the stock market (if companies had to sell shareholdings to boost pension reserves),'' he said. ''I think there is a strong possibility of such measures, (to allow companies to use the shareholdings,)'' he added. biz.yahoo.com