Toyota plans $19 billion share unwind in boost to Japan corporate governance reform

Toyota plans alarge-scale unwinding of strategic shareholdings that ​wouldinvolve banks and insurance firms selling around $19 billion ⁠ofits shares, two sources said, in what would mark a watershedmoment in Japan's corporate governance reform.The sale will likely total around 3 trillion yen ($19billion) ‌but could be larger depending on the willingness ofshareholders to sell, the sources said. Toyota aims for the saleto ‌happen as early as this year, although the timing ‌and ⁠scalecould change depending on ...