The nationalization of the Japanese economy

Article Abstract:

Japan has been shifting to a market-based economy in the 1990s, a transition triggered by the steady decline of returns on Japanese assets in the early part of the decade. Japanese policy makers then feared that slipping asset prices would eliminate household savings, which could adversely affect the country's political stability. Since the government could not adopt free market policies which could spur wealth redistribution and destabilize the political order, it embraced an incremental approach wherein monetary and fiscal policies were relaxed, deregulation gradually implemented and major capital market reforms deferred. The government supported asset prices by buying them up, leading to their stabilization.

Government domestic functions, Economic Programs-Total Govt, Administration of Economic Programs, Economic aspects, Economic development, Liquidity (Finance), Capitalism

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Japanese bank plans sale

Article Abstract:

Sumitomo Trust & Banking Co. of Japan intends to develop and sell an investment trust, which will mainly be invested in such highly-rated debt instruments as US Treasury bills. The investment trust, commonly known as mutual funds overseas, will be dollar-denominated and will be managed by Chase Manhattan Bank's asset management division. The fund was created as Sumitomo considered the interest of depositors to invest in foreign mutual funds, while at the same time maintaining stability and low risks in their investments.

Comment:

Intends to develop & sell investment trust, mainly to be invested in such highly-rated debt instruments as US Treasury bills

Services introduction, Sumitomo Trust and Banking Company Ltd., Article

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Singaporeans get `ethical.'(Mutual fund will seek women-friendly firms.)

Article Abstract:

This article concerns UOB Asset Management Ltd.'s teaming up with a group of influential Singaporean women to offer the first "socially responsible" mutual fund in the region. The fund plans to invest only in firms that support women in the workplace

Strategy & planning, Singapore, Public affairs, Investor relations, Mutual fund industry, UOB Asset Management Ltd.

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