Parliament selects Obuchi as nation's new Prime Minister: with Cabinet in place and Miyazawa as Finance Minister, sagging economy looms as first project

Article Abstract:

Keizo Obuchi was selected by the Japanese Parliament as Prime Minister, which sent investor confidence surging through the Japanese stock markets, with the Nikkei average rising 43.51 points to 16201.60 on the July 30 trading. Obuchi has appointed former Prime Minister Kiichi Miyazawa as finance minister which also buoyed the hopes of investors for the recovery of the Japanese economy. Critics of Obuchi are critical of his appointment of Miyazawa as finance chief, citing Miyazawa's record in tending the Japanese economy, which was marked by his aloofness on the monetary policy. Obuchi is still in the process of completing his cabinet, and is expected by many to help in the recovery of Japan from its banking industry troubles.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Banking industry, Economic policy, Political aspects, Elections, Appointments, resignations and dismissals, Economic development, Obuchi, Keizo, Miyazawa, Kiichi

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Toshiba defends strategy in the face of grumblings

Article Abstract:

Toshiba, the famous Japanese electronics firm, admits that some of its businesses were negatively affected by the crisis, but stressed that it has made significant moves to reverse the situation. The company, which was thought to be strong enough to survive the turmoil, posted an 85-percent drop in its 1997 pretax profit. Analysts felt a distaste of the stock and predicted several years of difficulty should it not adopt some US-style in conducting its business. Investors are still dissatisfied with the tepid actions of Toshiba to problems that have hurt the stock.

Comment:

Admits that some of bsnss were negatively affected by crisis, but stresses it has made significant moves to reverse situation

Japan, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Strategy & planning, Toshiba Corp., Article

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U.S.-Japan talks to shift focus to security issues

Article Abstract:

The Apr. 1996 summit between Pres. Clinton and Japanese Prime Minister Ryutaro Hashimoto in Tokyo focused on security rather than trade issues. Officials from both sides said that security issues are foremost on the agenda of both countries following problems with North Korea and China. The summit is expected to result in a joint declaration emphasizing bilateral cooperation even 'in emergencies in the Far East.'

United States, Japanese foreign relations, United States foreign relations

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