Write-offs cheer investors

Article Abstract:

Osaka-based Daiwa Bank Ltd. will report a loss of 18 billion yen ($146.6 million) for the year ending March 31, largely because it is taking a write off of 32 billion yen in loans to Tokyo Mutual Life Insurance Co. The insurer is filing for court-led rehabilitation. Asahi Bank Ltd. will report a net loss of 10 billion yen for the fiscal year ending on March 31, partly because it is pushing forward with its plans to eliminate its own bad loans.

Sales, profits & dividends, Organizational history, Statistical Data Included, Finance, Daiwa Bank Ltd., Tokyo Mutual Life Insurance Co.

---

Japanese firms pick China as top site to expand operations

Article Abstract:

A recent survey by the Japan Bank for International Cooperation states that 54.5% of companies polled are considering increasing their operations in foreign countries over the next three years, especially in China because of it's inexpensive labor and its growth potential as a market. Japanese electronics companies, precision machinery companies and automobile companies are expected to lead production at overseas locations.

China, Facilities & equipment, Production management, Other Electrical Equipment and Component Manufacturing, Electronics, Electronic Components and Accessories, Machine tool accessories, Precision Machining, Cutting Tool and Machine Tool Accessory Manufacturing, Foreign operations, Surveys, Electronics industry, Tool and die industry, Machining, Japan Bank for International Cooperation

---

Japan is Primed for Change

Article Abstract:

Japan, which hasn't awarded a new banking license for nearly a half century, is now considering granting these licenses to non-financial companies.

Strategy & planning, Government regulation (cont), Germany, Household audio and video equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, Department Stores, Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Surety insurance, Bahrain, Management, Services, Consumer electronics industry, Property and casualty insurance, BMW AG, Licensing agreements, Sony Corp., SNE, Property and casualty insurance industry, Ito-Yokado Company Ltd., ITOCHU Corp., Mitsui Marine and Fire Insurance Co., Yamato Mutual Life Insurance Co., Sanwa, Tokai Bank Ltd., Sakura Bank Ltd., am/pm Japan Co.

Similar abstracts:

• Abstracts: Top fund managers weather the storms. Bank of Scotland plans to purchase Ireland's ICC Bank. Manager's Goodbye May Shift a Fund Out of a Good Buy
• Abstracts: Japan backs Chino for Asian Development Bank presidency. AOL could expand reach. Fast-Growth Sectors Help Spur Redrawing of Trade Ties
• Abstracts: KPN raises stake in SPT Telecom. SK Telecom's plans for stake progress. Lithuania scales back IPO of State Telecom company
• Abstracts: SFO seeks aircraft size minimum. Chicago urged to plan O'Hare runway. Shopping for airport profit
• Abstracts: New environmental guidance manual. Lease agreements set to loosen airline control. Tender Code up for discussion

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.