Dubious honor: investing in Japan's NTT

Article Abstract:

Japan's Ministry of Posts and Telecommunications plans to permit foreign investors to purchase stock in Nippon Telegraph & Telephone Corp (NTT), and in Kokusai Denshin Denwa Co (KDD), two leading Japanese telecommunications companies. The Ministry has reversed a policy that opposed non-Japanese ownership in NTT, and the proposal to allow foreign investment now seems likely to pass in the Diet. Foreigners will be allowed to hold up to 20 percent of the shares of both companies. Industry analysts regard the move as symbolic of the formerly closed Japanese economy opening up to outsiders. Neither NTT nor KDD are viewed as particularly good investments because their stock has declined. NTT's share price has dropped 53 percent from an initial offering price of 1.6 million yen per share. NTT and KDD have responded to competition from three new long-distance companies with rate cuts and employee layoffs.

Laws, regulations and rules, Securities, Nippon Telephone and Telegraph Corp., International communication, Competition, Government Regulation, Stock, International Communications, Foreign Investment, Securities Transfer, Kokusai Denshin Denwa Company Ltd., Japan. Ministry of Public Management, Home Affairs, Posts and Telecommunications, Japan. Ministry of Posts and Telecommunications

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Japan to unveil economic reform plan; telecommunications market will open

Article Abstract:

Japanese trade negotiators will offer a package of proposed economic reforms designed to placate US critics. The reforms have required extraordinary political efforts to produce, but they will probably disappoint US negotiators. One proposal involves an overhaul of a large-scale retail-store law, which protects mom-and-pop storeowners but prevents big stores from opening. The US also wants Japan to spend more money on public projects because macroeconomic theory suggests that Japan's high savings rate is a reason for that nation's huge trade surplus. Separately, the US and Japan agree on steps to further open the Japanese market to foreign telecommunications products. The countries reached an agreement on Fri, Mar 30, 1990, just ahead of a Mar 31 deadline that could have brought US trade retaliation.

United States, Telecommunications equipment industry, Telecommunications equipment, Economics, Japanese foreign relations, United States foreign relations, Macroeconomics, Communications Equipment, Telecommunications

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AT&T hires ex-negotiator for Japan post

Article Abstract:

AT&T hires Glen S. Fukushima, a former US trade negotiator, to lobby the Japanese government and develop new business in Japan. The move is part of a trend: US trade officials are being hired by corporations to do lobbying. Many are working for Japanese companies. Some industry observers wonder if Fukushima's adversarial role in previous negotiations will hamper his efforts in Japan.

Officials and employees, T, Appointments, resignations and dismissals, International competition (Economics), American Telephone and Telegraph Co., Lobbyists, Lobbying, Marketing Strategy, Japanese Competition, Fukushima, Glen S.

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