Japan Inc. goes bust

Article Abstract:

The Japanese public's distrust of its own government reflects the real state of Japan's economy. This state of affairs existing in the country can be traced back to the sorry status of the country's public finances. Among the shocking revelations is the news that Japan is teetering on the verge of bankruptcy as manifested by gross public debt that is calculated to reach 120% of the gross domestic product (GDP) by the year 2000. Other public finance scandals include the insolvency of post office savings accounts and a budget deficit ranging from 9% to 11% of GDP by 2000.

Gross Domestic Product, Economic aspects, Public finance, National debt, Public debts, Budget deficits

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Brokerage firms could be beating problems amid losses; they may be putting older issues behind them to deal with challenges to come

Article Abstract:

The securities industry of Japan has experienced losses resulting from the global market upheaval and special costs associated with drastic groupwide restructuring efforts. The country's three leading stock brokerage firms have reported net losses in the fiscal year ending Mar 31, 1999. Nomura Securities Co had a consolidated net loss amounting to 397.54 billion yen while Daiwa Securities and Nikko Securities had net losses of 127.89 billion yen and 83.66 billion yen, respectively.

Market information - general, Forecasts, trends, outlooks, Securities Brokerage, Stock Brokerage, Stockbrokers, Securities industry

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