author

 
 

Meta

Mayumi Negishi
BUSINESS
Jul 2, 2003
Latest 'tankan' survey shows surprising rise in sentiment
Business sentiment at Japanese companies improved during the April-June period, a closely watched Bank of Japan survey showed Tuesday, surprising bears who had braced for a reality check on the markets.
BUSINESS
Jul 2, 2003
FSA accused of strong-arm tactics
The Financial Services Agency exerted improper pressure early last year on Tokio Marine & Fire Insurance Co. to consolidate with Asahi Mutual Life Insurance Co., a Democratic Party of Japan member said Tuesday.
BUSINESS
Jul 1, 2003
Insurance chief says no progress on terror fund
No progress has been made in talks to obtain government assistance to set up a pool of funds to help insure businesses against potential terrorist attacks, the newly appointed chairman of the Marine and Fire Insurance Association of Japan said Monday during his first news conference as the industry head....
Japan Times
BUSINESS
Jun 28, 2003
Resona shareholders divided over bailout
OSAKA -- Resona Holdings Inc. shareholders were split Friday into those who excused the banking group for being bailed out with taxpayers' cash and those who demanded former executives take further responsibility.
Japan Times
BUSINESS
Jun 27, 2003
AIG seeks 'organic' growth in insurance industry
The tortoise, and not the hare, is more comfortable in the climate of Japan's life insurance sector.
BUSINESS
Jun 26, 2003
Mizuho executives fail to placate shareholders
While leaders in other industries are incorporating changes to improve better shareholder participation in managerial decisions, the shareholders' meeting held Wednesday by Mizuho Financial Group, Inc. indicates change is slow to come to the banking sector.
BUSINESS
Jun 20, 2003
Resona still in dark over profit status
The new management team at Resona Holdings Inc. won't know until October whether the banking group will be able to turn a profit in the current business year, new Resona Holdings Chairman Eiji Hosoya said Thursday.
BUSINESS
Jun 13, 2003
Resona hints profit vow is unattainable
Resona Holdings Inc. may be unable to make it into the black this year as promised, the company's president admitted Thursday.
Japan Times
BUSINESS
Jun 12, 2003
Ex-Resona chief blames auditors
Had auditors informed banking group Resona Holdings Inc. by March of critical changes in auditing standards, next month's infusion of 1.96 trillion yen in public funds could have been avoided, former Resona Holdings President Yasuhisa Katsuta told the Diet on Wednesday.
BUSINESS
May 31, 2003
Life insurers' revenues, assets still spiraling down
Falling stock prices and sluggish demand left all the nation's major life insurance companies with reduced revenues and net assets in the year that ended on March 31, according to earnings reports released Friday.
Japan Times
BUSINESS
May 30, 2003
Is Resona the tip of the iceberg?
The whistle-blowing erupted a few days before May 17, the day Resona, the nation's fifth-largest banking group, announced its capital had tumbled below regulation levels.
Japan Times
BUSINESS
May 27, 2003
Banks remain in the red for second straight year
Japan's seven major banking groups stayed mired squarely in the red for the second year in a row, spending more than 5 trillion yen to dispose of bad loans and shouldering over 3 trillion yen in stock-related losses for the 12 months ended March, business results confirmed Monday.
BUSINESS
May 21, 2003
BOJ decides to pump more cash into system
The Bank of Japan decided Tuesday to pump still more money into the economy amid falling stock prices, a rising yen and the bailout of Resona Bank.
BUSINESS
May 20, 2003
Doublespeak dominates aftermath of Resona move
The government holds a financial crisis council, but says there is no crisis. It will inject 2 trillion yen into a bank and is expected to become its top stakeholder, but says this does not nationalize the bank.
Japan Times
BUSINESS
May 16, 2003
LDP ready to aid life insurers
The ruling coalition is ready to endorse a controversial draft bill that would allow troubled life insurance companies to reduce payouts promised to policyholders, the Liberal Democratic Party said Thursday.
BUSINESS
May 14, 2003
Yield cut proposal goes to LDP
The Financial Services Agency presented a draft bill Tuesday to the Liberal Democratic Party that would enable troubled life insurers to lower promised yields on insurance contracts.
BUSINESS
May 10, 2003
Sorting out the recent fuss over pension funds, share prices
Thought Tokyo stock prices could fall no further? Think again. Corporate pension managers are poised to sell between 2 trillion yen and 3 trillion yen worth of stocks in the coming months -- and think tanks estimate that figure could double.
BUSINESS
May 3, 2003
Ruthless foreigners given bad-news role
Japan's regional banks are turning to a tried and true method of conveying bad news: asking a foreign third-party to do it for them.
Japan Times
BUSINESS
May 2, 2003
Economic woes weigh on Fukui
The fragile economy makes worrying almost an official job responsibility for the governor of the Bank of Japan. Looking back on six weeks at the helm of the central bank, Gov. Toshihiko Fukui even worried about worrying.
BUSINESS
May 1, 2003
BOJ promises to keep economy flush
The Bank of Japan on Wednesday said it would force-feed the economy with money as needed, in a bid to wipe out even hints of a collapse in the financial system.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji