cross-shareholdings policy; policy-based shareholdings
A financial term referring to shares held by a company for strategic business relationships rather than pure investment returns. Common in Japanese corporate governance contexts.
Many Japanese companies are moving to reduce their cross-shareholdings.
政策保有株式の開示が義務化された。
Disclosure of policy-based shareholdings has become mandatory.
持ち合い株 refers specifically to mutually held shares between companies, while 政策保有株式 is a broader term for shares held for strategic purposes, not necessarily mutual.
Compound of 政策 (policy) + 保有 (holding) + 株式 (stock). A modern financial term with no historical derivation beyond its components.