Abstracts » Business, international

Japan is loath to lower rates despite slump

Article Abstract:

The Japanese government continues to resist pressures to lower its interest rates in light of a prevailing economic slump. Central bank officials noted that lowering interest rates will not stimulate demand since many Japanese do not want to borrow money or sell their yen for foreign currencies. Meanwhile, economic analysts attribute the prevailing slump to a 0.6% decrease in private consumption and a 0.5% decline in public investment.

Loan Interest Regulation, Interest rates, Government regulations

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Idei tugs on the reins

Article Abstract:

Sony Corp. president Nobuyuki Idei disclosed plans of reorganizing Sony Corp. of America's New York office. Idei intends to strenghten his control of Sony's US umbrella company, following the huge losses the company incurred in its US operations. The Sony chief decided to oversee the US operations himself, stripping the New York headquarters of all operational responsibility for the US market.

Other Electrical Equipment and Component Manufacturing, Electronics, Electronic Components and Accessories, Officials and employees, Electronics industry, Sony Corp., Sony Corporation of America, Idei, Nobuyuki

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Hoping to lift stock market, Japan plans new rules to let firms buy back stocks

Article Abstract:

Japanese lawmakers are currently working on new legislation that would make it possible for companies to purchase their own shares. Analysts believe that the new law is designed to make the Japanese stock market more friendly to shareholders and to help lift share prices. A number of companies have already announced plans to buy their own shares.

Securities & Commodities Regulatn, Laws, regulations and rules, Commercial law, Japan. Diet

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