Nissan share buyback sends clear message of confidence

Nissan shares took a big jump following the announcement of the OEM's repurchase programme. In late February, Nissan confirmed that the board of directors has given the ok for the repurchase of up to 300 million shares of its own common stock, or up to ¥400bn (US$3.5bn) in investment. The last share repurchase it made was in late 2011 with the buyback of 13 million shares.