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Yuji Utsunomiya

For Yuji Utsunomiya's latest contributions to The Japan Times, see below:

National May 25, 2004

Banking giants log black ink as stocks rise, bad loans fall

All but one of the nation's four major banking groups returned to the black in fiscal 2003, according to their financial reports released Monday. They were supported by a rise in stock prices as of the end of March and a reduction of loan-loss reserves ...

Business May 22, 2004

Nonlife insurers record profit rise in fiscal 2003

The nation's seven major nonlife insurers on Friday reported an increase in net profit in fiscal 2003, with rising Japanese stock prices offsetting profit falls in their mainstay automobile insurance services. Reduced claims for natural disasters also improved the firms' financial health by reducing insurance ...

Business May 21, 2004

Ultraeasy monetary policy goes unchanged

The Bank of Japan Policy Board left its ultraeasy monetary policy unchanged Thursday. It is taking a wait-and-see stance despite an ongoing economic recovery and a brighter outlook for the nation's economy. After a two-day meeting, the nine-member board decided to continuously inject liquidity into the ...

Business May 8, 2004

IY Bank logs first net profit since launch

IY Bank said Friday it posted a net profit of 5 billion yen in fiscal 2003, the firm's first profit since it started operating three years ago. In fiscal 2002, it posted a net loss of 8.2 billion yen. Sales in fiscal 2003 came to ...

Business Apr 29, 2004

BOJ says Japan will 'continue its recovery'

The Bank of Japan said Wednesday in a semiannual economic outlook report that the nation's economy will "continue its recovery" in fiscal 2004. The BOJ upgraded its economic evaluation by eliminating the reference to a "gradual" recovery that was in the last report, released in ...

Business Apr 24, 2004

Bank bill seen unlikely to stabilize financial system

A government-sponsored bill to prop up struggling financial institutions with public funds is apparently designed to boost investor confidence. But some economists argue that the bill, approved Friday by the House of Representatives, will probably not serve as a powerful tool to stabilize the nation's ...

Business Apr 20, 2004

Fukui optimistic over Japanese economy

Bank of Japan Gov. Toshihiko Fukui voiced optimism Monday over the Japanese economy, citing a series of recovery signs. At a quarterly meeting of BOJ branch managers in Tokyo, Fukui said the nation's banking system is also gradually regaining stability. To sustain the recovery trend, he ...

Business Apr 14, 2004

FSA grants official license to Nippon Shinko Bank

Nippon Shinko Bank, a newly established bank specializing in loans to small and medium-size businesses, has been granted an official license from the Financial Services Agency, the bank announced Tuesday. The bank will launch operations in Otemachi, Tokyo, on April 21, offering loans to companies ...

Business Apr 10, 2004

BOJ aims to stabilize bond market

The Bank of Japan Policy Board on Friday left its monetary policy unchanged for the month and decided to introduce by the end of May a measure to stabilize the government bond market. After a two-day meeting, the board agreed to maintain continuous liquidity in ...