Targets of takeover talk
Article Abstract:
Matsushita Electric Industrial Co. executive Yukio Shohtoku has raised the possibility that his firm might someday be a takeover target for a foreign company, although such a scenario remains unlikely. For one thing, the company is still financially strong, unlike Nissan, which sold out to Renault to avoid bankruptcy. While some observers think a foreign takeover is possible, others dismiss the idea, pointing out that most large shareholders of Japanese conglomerates are Japanese, with an aversion to foreign domination, and that foreigners would have a hard time managing the wildly diverse operations of a Japanese conglomerate.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Japan takes cautious stand on U.S. retaliation
Article Abstract:
Japan's constitution barring the use of force except in self-defense, could hinder Japan's ability to support American retaliation in response to the terrorist attacks of September 11, 2001. In addition to Japan's memory of the devastation wrought by World War Two, Japan is conscious that it depends entirely on imported oil, of which 85% came from the Middle East in the last fiscal year. Japan does now allow its soldiers to serve in United Nations peacekeeping forces, but efforts to further expand Japan's military role will require a change in Japanese law.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Nation's three biggest banks to consolidate operations
Article Abstract:
A three-way alliance between Japan's Fuji Bank, Dai-Ichi Kangyo and Industrial Bank of Japan has been formed resulting in $1.2 trillion in assets. The merger is part of the recommendation made by economists in cleaning up the financial mess of the banking industry. An expected benefit of the colossal merger is the offering of a wide range of services including mortgage banking and investment services. The merger, however, is expected to produce layoffs among the three firms.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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