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May 18, 2024
 

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Mayumi Negishi
For Mayumi Negishi's latest contributions to The Japan Times, see below:
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.
BUSINESS
Apr 26, 2003
Costs for bad loans climb 1.3 trillion yen
The Financial Services Agency reported Friday that the nation's 11 largest banks incurred additional bad loan disposal costs of 1.3 trillion yen for the 2002 business year, which ended in March.
BUSINESS
Apr 22, 2003
Central bank managers want ins and outs of ABCPs
Bank of Japan Gov. Toshihiko Fukui met a torrent of questions about the central bank's proposals to support banks' lending activities to small and midsize companies when he held his first meeting with branch managers Monday.
BUSINESS
Apr 19, 2003
Life insurer chief offers stock tip to BOJ
As the Bank of Japan delves into unconventional policies, it should consider buying bank stocks from life insurers and other large bank stakeholders, the chairman of the Life Insurance Association of Japan said Friday.
Japan Times
BUSINESS
Apr 18, 2003
Cerberus eyes Aozora for keeps
The Cerberus Group may hold on to a controlling stake in Aozora Bank for keeps in an effort to cement its position in Japan, according to James Danforth Quayle, an adviser for the U.S. investment fund and a member of Aozora Bank's board of directors.
Japan Times
BUSINESS
Apr 15, 2003
IRC officials try to play down hardline image
It has a nickname that would turn most customers off.
BUSINESS
Apr 11, 2003
BOJ chief issues plea for global coordination
In a rare glimpse of the man behind the cautious rhetoric, Bank of Japan Gov. Toshihiko Fukui made a passionate plea Thursday for coordinated economic policy in an increasingly fractious world.
Japan Times
BUSINESS
Apr 9, 2003
BOJ decides on a risky financing course
The Bank of Japan took another step into the unknown at its Policy Board meeting Tuesday, effectively committing itself to purchasing risk assets in a bid to transform how small and medium-size companies secure funding.
BUSINESS
Apr 5, 2003
Asahi Mutual freezes dividend payouts
Asahi Mutual Life Insurance Co. will suspend dividend payments on group insurance policies for corporate clients due to declines in capital from large unrealized losses on stockholdings, company officials said Friday.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Japan to review romanization system for first time in 70 years
An advisory panel to the education ministry will consider how the Japanese language should be transcribed into the Latin alphabet, including unifying different romanization styles currently in use.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japan’s economy contracts as consumers and firms cut spending
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japanese rap creates its mecca in Pop Yours
Tokyo-based artist Jumadiba says he forgoes the label of simply “rap” for his music because the Japanese rap scene isn’t confined to a particular sound.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.

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