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(Bloomberg) -- Voting at shareholder meetings in Japan may become more consequential if the decision by Japanese megabanks to divest their strategic holdings in Toyota Motor Corp. triggers a broader unwinding of cross-held shares among the country’s biggest companies.Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansHere’s Everything Apple Plans to Show at Its AI-Focused WWDC EventPutin’s Wartime Central Banker Tells Him What He Doesn’t Want to HearBe

"The new appointment is less about a change in direction and more about careful consideration of the best possible way to organise the handover, avoiding disruption and chaos," said Julie Boote, an analyst at Pelham Smithers Associates in London. "It's likely that he'll remain active as chairman for a long time and continue to put his mark on Toyota." At 53, Sato will become one of only a handful of "outsiders" - non-members of the Toyoda family - to have held the top job at an automaker whose position and influence within corporate Japan cannot be overst...

The former CEO, now chairman's influence and planning may continue to be felt for many years, analysts say.

The cost of holiday car hire has gone through the roof. And the experience can put a damper on your trip. Using taxis is an easier – and cheaper – option, says Merryn Somerset Webb.

Japan automakers ready to report profit drop Carmakers worldwide had to adjust or suspend production due to chip shortage Reuters May 11, 2021 TOKYO: While Japan’s biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production. Automakers worldwide have had to adjust or suspend production in the past few months as factors including a surge in demand for electronic devices plus US sanctions against Chinese technology...