Michiyo Nakamoto

Japan enters first recession in 7 years

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yesterday 383 related
        

By Michiyo Nakamoto in Tokyo The Japanese economy has entered its first recession in seven years, data showed on Monday. Gross domestic product shrank 0.1 per cent in the three months to September 30 from the previous quarter,...

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Sumitomo and Aozora slash profit forecasts

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14-Nov-2008
        

By Michiyo Nakamoto in Tokyo Sumitomo Trust and Aozora Bank on Friday slashed their profit forecasts for the year, due to the deteriorating economic environment in Japan amid the global downturn. Sumitomo Trust, Japan’s...

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Japan to lend $100bn for emerging nations

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13-Nov-2008 1 related
        

By Michiyo Nakamoto in Tokyo Japan will lend the International Monetary Fund up to $100bn in temporary funds to help emerging economies weather the global financial crisis, Taro Aso, prime minister, will tell the G20 summit in...

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Mizuho seeks to raise $3.1bn in fresh capital

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13-Nov-2008 34 related
        

By Michiyo Nakamoto in Tokyo Mizuho Financial Group said it would raise up to Y300bn ($3.1bn) in preferred shares to boost its capital as it posted a Y38.4bn ($402m) net loss for the second quarter. Mizuho’s move reflects the...

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Japanese PM backtracks on handout pledge

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13-Nov-2008 1 related
        

By Michiyo Nakamoto in Tokyo Just two weeks after Taro Aso promised every Japanese household a government handout to help boost consumption, the country’s prime minister has been forced into an embarrassing climbdown. The...

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Lucite sold to Japan's Mitsubishi Rayon

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12-Nov-2008 60 related
        

By Martin Arnold in London and Michiyo Nakamoto in Tokyo Lucite, a maker of acrylic products ranging from bus shelters to the McDonald's golden arches, has been acquired by Mitsubishi Rayon, its Japanese rival, in a defensive...

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Report criticises controls at BNP Paribas unit

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12-Nov-2008 18 related
        

By Michiyo Nakamoto in Tokyo and Peggy Hollinger in Paris The Japanese subsidiary of BNP Paribas engaged in practices that raise serious questions about its internal controls and compliance, according to a highly critical...

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DBJ seeks overseas partners

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05-Nov-2008
        

The recently privatised Development Bank of Japan is keen to invest in or to form alliances with overseas institutions as part of its plan to transform itself into a merchant bank, its chief executive says

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Aso under fire after air chief outburst

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03-Nov-2008 200 related
        

By Michiyo Nakamoto in Tokyo Japan's ruling coalition faces more parliamentary disruption after the government sacked the country's air force chief for denying that Japan was an aggressor in the second world war. General Toshio...

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Panasonic in talks on Sanyo Electric takeover

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02-Nov-2008 46 related
        

By Michiyo Nakamoto in Tokyo Panasonic is in talks to acquire Sanyo Electric in a deal that would create Japan’s largest electronics group and spur consolidation of the fragmented sector. A takeover would represent the first...

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