boj minutes, 2003-04-30
A few members said that, in addition to these weak fundamentals of Japan's economy, supply-demand factors indigenous to Japan, such as unwinding of cross-shareholdings and selling of stocks by corporate pension funds, which were returning funds entrusted to them in order to discontinue acting on behalf of public pension funds, were exerting downward pressure on stock prices.
Sentiment: neutral
Topic: mp_economic_activity