Japan Becoming More Dynamic

Apollo Chief Economist

The Japanese economy has become more dynamic in 2023 with more shareholder proposals and higher M&A activity, see charts below.

Shareholder proposals have increased significantly in Ja
Source: Bloomberg, Apollo Chief Economist. Note: Shareholder proposals include Approve Name Change, Approve Statutory Auditor, Business Operations, Charter/Bylaw Amendment, Climate Change Risk, Decrease Authorized Stock, Director Compensation, Discharge Directors, Dividend/Profit Distribution, Elect Director, Extend Poison Pill (Shareholder Rights Plan), Methane/Greenhouse Gas Emissions, Other Auditor Related, Other Board Related, Other Capital Structure, Other Compensation, Other Governance, Remove Director, Remove Poison Pill (Shareholder Rights Plan), Share Repurchase Related Proposals.
Japan: M&A activity is at its highest level in a decade
Source: Bloomberg, Apollo Chief Economist

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