The Tokyo District Court's decision Friday to stop Fuji Television Network Inc. from issuing share warrants as a method to take control of Nippon Broadcasting System Inc. is being seen as propelling Japan's capital market into the future.
Experts say the closely watched decision is in line with Japan's goal of easing regulations in the financial sector to gain a competitive edge in the global market, easing worries that foreign investors otherwise might have shied away from making further investments in the country.
The district court ruled against Nippon Broadcasting's plan to offer exclusive rights to Fuji TV to purchase a huge number of new shares, saying, "It is aimed at maintaining the controlling rights of managers belonging to the Fujisankei media group."