Tokkin

Tokkin

A fund or investment company owned by a Japanese corporation (other than a financial services company). A tokkin invests in speculative, often high risk securities in Japanese companies.
References in periodicals archive ?
One of the most common Zalteku maneuvers entails the issuance of low (cost) coupon convertible bonds or bondwanant units, often denominated in foreign currencies but swapped into Yen The proceeds are then invested, in tokkin funds that facilitate tax-favored speculation in stocks.
In a report prepared by the ACCJ's Investment Management Subcommittee, the ACCJ pointed out that current regulations prohibit Kampo and Yucho from employing an investment specified money trust contract, known as ''tokkin,'' with trust banks and investment advisors.
said Thursday it had accumulated latent losses of 19 billion yen on derivatives trading and investment in "tokkin" specified money trusts by the end of March.
The exchanges said the move was to allow investors to respond to reports that the company has racked up large losses as a result of its investments in derivatives and "tokkin" specified money trusts.