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Japanese Regulator Eases Position on Loans

Japan's new bank regulator is softening its stance on a proposed moratorium on loan repayments by small business and individuals, in the latest sign that the country's new leadership is adjusting its rhetoric to the reality of government, The ...

Daily Headline - global.abi.org - 10/02/2009 - 09:19 - 0 comments

Japan Corporate Bankruptcies Fall on Stimulus, Credit Programs

Japanese corporate bankruptcies fell for the first time in three months in August as companies found it easier to borrow and government spending fueled demand, Bloomberg reported. Business failures declined 1 percent from a year earlier to 1,241 cases, T ...

Daily Headline - global.abi.org - 09/09/2009 - 08:13 - 0 comments

Japan Corporate Bankruptcies Climb 7.4% as Credit Woes Persist

Japanese corporate bankruptcies rose 7.4 percent in June from a year earlier as businesses struggled to get access to credit and the global recession crippled sales, Bloomberg reported. A total of 1,422 companies went out of business in the month, Tokyo ...

Daily Headline - global.abi.org - 07/08/2009 - 09:37 - 0 comments

Mizuho May Start Steps For Y600 Billion Share Issuance This Week

Mizuho Financial Group Inc. will likely begin procedures to raise up to Y600 billion through a new share issuance, a person familiar with the situation said Monday, making it the latest Japanese bank to take steps to strengthen its capital base, Dow Jone ...

Daily Headline - global.abi.org - 06/29/2009 - 10:13 - 0 comments

Japan Debates Digging Itself Out

Japan's economy, the second-largest in the world, is shrinking at the fastest pace in more than 30 years, roughly twice as fast as the U.S. economy, The Washington Post reported. Exports and imports declined in February at a record rate, with mo ...

Daily Headline - global.abi.org - 03/30/2009 - 09:07 - 0 comments

BOJ May Buy Subordinated Loans to Boost Bank Capital

The Bank of Japan said it may buy subordinated loans from banks for the first time to revive lending and replenish capital depleted by falling stock prices, Bloomberg reported. The central bank is considering the purchase of up to 1 trillion yen ($10 bil ...

Daily Headline - global.abi.org - 03/17/2009 - 08:40 - 0 comments

Pacific Holdings Seeks Bankruptcy Protection

Pacific Holdings, one of Japan’s largest real estate investment fund sponsors, filed for bankruptcy protection on Tuesday with liabilities of Y163.6 billion ($1.6 billion) after failing to receive a capital injection from 10 Chinese investors to help rep ...

Daily Headline - global.abi.org - 03/10/2009 - 09:48 - 0 comments

Japanese Corporate Bankruptcies Up More than 10% from a Year Ago

The number of corporate bankruptcies in Japan rose 10.38% in the 12 months to February to 1,318, according to Tokyo Shoko Research Ltd. Compared to January, the number of bankruptcy cases fell 3.08% from 1,360. The credit research firm also reported that ...

Daily Headline - global.abi.org - 03/09/2009 - 08:14 - 0 comments

Pioneer Shares Plummet After Forecast of Record Loss

Pioneer Corp., the electronics maker that’s forecasting its fifth year of losses, fell to the lowest in more than 34 years in Tokyo trading after the company projected a record full-year deficit as sales slumped. Pioneer lost 20 percent to close at 142 y ...

Daily Headline - global.abi.org - 02/13/2009 - 10:09 - 0 comments

Japanese Police Arrest Bedding Magnate in Suspected Fraud

Japanese police have arrested the chairman of a bedding company on suspicion he swindled investors out of $2.5 billion, in what local media said would be the biggest financial scam in Japanese history, Bloomberg reported. Officers from the Tokyo Metropol ...

Daily Headline - global.abi.org - 02/05/2009 - 10:11 - 0 comments

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