Advisers jump through hoops for lucrative debt deals
Article Abstract:
Government-affiliated Japanese corporations that borrow from the state are now being forced to seek outside funding sources, and investment banks are offering services to help them raise capital. The agencies' unfamiliarity with bidding processes and clashes of business etiquette styles with banks are leading to bizarre contract negotiations involving lottery drawings and games of paper-rock-scissors.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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This time, recession may spark reform - or convulsion
Article Abstract:
Analysts are predicting that Japan's recession will continue and only get worse. Economic indicators like stock prices, export levels and corporate profits all indicate further economic decline. Analysts hope the country's latest economic troubles will lead to much-needed reform, but some are afraid of a dramatic convulsion in Japan's financial system.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Shinsei is pressured to ease up
Article Abstract:
Japan's Financial Services Agency has instructed Shinsei Bank Ltd. to change its credit policy and be more lenient to shaky or questionable borrowers. The foreign-owned bank is being watched closely to determine if Japan is serious about cleaning up its banking industry and weeding out bad loans.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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