Japanese corporate moves are unlikely to buoy profits

Article Abstract:

Financial analysts in Japan feel that the restructuring moves done by several companies may not be enough to counteract the recession in the country. A number of major Japanese corporations have disclosed restructuring plans to invigorate the decreasing corporate profits. Asahi Banks intends to close 50 local branches while Hitachi has plans to downsizing 4,000 employees by March 1999. However, financial analysts still predict a continued drop in corporate profits despite the many corporate restructuring strategies employed.

Business Methods, Business planning

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Central-Bank survey casts dark cloud over economy

Article Abstract:

A survey conducted by the Central Bank of Japan in March 1998 revealed that consumer confidence has reached its record level lows, as the country continue to be crippled by financial difficulties. Results of the survey further showed that lending practices and employment conditions have also worsened, as foreign investments decline due to the inefficiency of the government to address the problem. Prospects have been made even more somber with the 3.3% decline of the Nikkei Stock Average.

Financial Services, Finance and Insurance, Analysis, Evaluation, Foreign investments, Financial services industry, Consumer confidence

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Slammed into reverse

Article Abstract:

Japan's gross domestic product significantly dropped by 2.9% in the third quarter of 1997. According to economic analysts, the fall in GDP was triggered by low level of consumption and incremental tax increases. The event has not only undermined efforts to improve the country's trade surplus but has raised doubts on the government's capability to support complete recovery as well.

Gross Domestic Product, Taxation

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